DXY index got support, broke down the falling wedge. BTC got weaken, so did all the Altcoins.
BTC broke down the rising wedge and lot of big investors taking profit in the top.
Hope this trendline support it and broke the previous market structure, (new lower high).
Or, waiting for the next support. This level might be retraced many times. So, not just jumping in with the breaking of market structure.
Is FOMO over or are they buying the dip again?
RSI is oversold in hourly and 4 hour chart, and parabloic movement is about to be broken.
A good risk management is needed.
If the trend line is respected the lowest wick must be stop loss.
BTC broke down the rising wedge and lot of big investors taking profit in the top.
Hope this trendline support it and broke the previous market structure, (new lower high).
Or, waiting for the next support. This level might be retraced many times. So, not just jumping in with the breaking of market structure.
Is FOMO over or are they buying the dip again?
RSI is oversold in hourly and 4 hour chart, and parabloic movement is about to be broken.
A good risk management is needed.
If the trend line is respected the lowest wick must be stop loss.
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