the trend is not clear
Updated
yesterday when 4H candle closed under the support line (the purple) => the uptrend can't continue,
and it retest the support line again, and broke the falling wedge (orange).
=> we can't confirm that btc stared new uptrend because of breaking the falling wedge
I wondering it just fake out the falling wedge.
maybe it can drop back to the falling wedge to 9790(the lower green line) from here or can rise a bit to hit the resistance box(the EMA100) then
drop from here
=> the uptrend is just confirmed if the candle is closed higher than the resistance box,
and our target will be the green upper line.
Leave me a comment what you think
and it retest the support line again, and broke the falling wedge (orange).
=> we can't confirm that btc stared new uptrend because of breaking the falling wedge
I wondering it just fake out the falling wedge.
maybe it can drop back to the falling wedge to 9790(the lower green line) from here or can rise a bit to hit the resistance box(the EMA100) then
drop from here
=> the uptrend is just confirmed if the candle is closed higher than the resistance box,
and our target will be the green upper line.
Leave me a comment what you think
Trade closed manually
everybody can see the result, after the fake out signal, btc dropped in big dump
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