Bitcoin has fallen out of the rising wedge - Lower targets ahead
Updated
Traders, Bitcoin has broken the lower trendline of the rising wedge and tested it already
Targets now around 40.000 - 42000 USD which is also horizontal support.
It would be very good to board new traders at these levels who missed the boat to the last all time high. Then we can all join a new ride to 80.000 +
Targets now around 40.000 - 42000 USD which is also horizontal support.
It would be very good to board new traders at these levels who missed the boat to the last all time high. Then we can all join a new ride to 80.000 +
Note
The long term view of Bitcoin is however very bullish. If you look at the D and W timeframe that is very clear. There are predictions of 150.000 to 300.000 by the end of this year and I think it is very well possible. Nobody would believe a year ago that BTC would hit 60.000 USD so surprise, surprise :-)Trade active
To go long in case of a counter move and a short ride up I would first like to see a good volume spike and a positive divergence along with a positive candle setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.