Nearing decision point at the end of rising wedge... Volume is low and indicators suggest a downturn is more likely than not, but Bitcoin Gold hardfork is in 4 days and the trend has been up and up. Selloffs are getting absorbed, dips are being bought. I have no doubt the end is near though. Risks are mounting by the minute, yet longs have potential gains...
Disclaimer: this is my first idea on tradingview. Despite showing some strength in lower TFs, BTC price appears to be topping out here, as evidenced by an imminent bearish signal line crossover on the 8H MACD. I forecast a substantial price drop in the next day or so, especially since the stochRSI is also showing that it's about to go over a cliff. My plan:...