Hi Guys,
As we see on this 12 H chart BTCUSD might be facing heavy resistance. 200 MA on the daily and 200 MA on the 12 H. In addition it might be forming a rising wedge as well.
I expect a short term rejection as the oscilators are also getting tired.
Let us see...
Happy and safe trading! Dont forget about proper risk management!
Always place stop-loss and don't forget to take profits!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
As we see on this 12 H chart BTCUSD might be facing heavy resistance. 200 MA on the daily and 200 MA on the 12 H. In addition it might be forming a rising wedge as well.
I expect a short term rejection as the oscilators are also getting tired.
Let us see...
Happy and safe trading! Dont forget about proper risk management!
Always place stop-loss and don't forget to take profits!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.