BTCUSD SHORT/SELL MAJOR DROP AGAIN INCOMING!
As I've shared and became a laughingstock to many the many who called me a joke when I shared my analysis that Bitcoin would fall from the 63000 to 65000 range. Here's the latest update on that.
Technical Analysis
1. 4 Hours and Daily Timeframe shows a Rising Wedge Breakout
2. Breakout Retracement (Now in Progress)
3. Forming a Pennant / Rising Wedge (Now in Progress)
4. Next Support Structure at 42000
5. Monthly and Weekly RSI indicates oversold
New Potential BUY entry for Bitcoin is at 42000ish area. However, I would be very careful entering here as Bitcoin could fall lower until 27000
I have a list of cryptos that I've analysed and shared with my close group. Should you guys be keen let me know and I'll share some here.
Technical Analysis
1. 4 Hours and Daily Timeframe shows a Rising Wedge Breakout
2. Breakout Retracement (Now in Progress)
3. Forming a Pennant / Rising Wedge (Now in Progress)
4. Next Support Structure at 42000
5. Monthly and Weekly RSI indicates oversold
New Potential BUY entry for Bitcoin is at 42000ish area. However, I would be very careful entering here as Bitcoin could fall lower until 27000
I have a list of cryptos that I've analysed and shared with my close group. Should you guys be keen let me know and I'll share some here.
Comment:
1st Take Profit hit! Our Flagpole completed.
Trade active
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