BTCUSD. Falling wedge is forming by the Libra's hearings date
Diupdate
Key notes:
- If Bitcoin broke down the uptrend line and a median of a downtrend channel, it will probably go down under 7k fast.
- For now, we have a falling wedge and decreasing volumes inside it, which can indicate that sellers are exhausing.
- I'm holding longs from ~8280 with tight stop, until wedge isn't broke. In a good case if BTC doesn't fall down, wedge will be resolved with target between 9k - 9.4k.
Catatan
Catatan
Selling volumes are still decreasing, I'm waiting for a confirmation of breakdown of the trend lines to close the trade with loss.Trading ditutup: stop tercapai
BTC looks weak and goes to 6.5k, it seemsCatatan
The level still can hold, but the risk of breakdown and free fall is too highTrade aktif
Level seems to be hold. Looking for the next movements. This week is decisive.Catatan
Also there is MA240 daily, which supports the price hereCatatan
For now, it looks like it was a fake breakdown. Target is the same: 9kTrading ditutup secara manual
BTC couldn't recover from here. It's better to close the longs, because another drop can occur on a thin market during the weekend
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.