BTCUSD SHORT/SELL MAJOR DROP AGAIN INCOMING!
Updated
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.
Note
1st Take Profit hit! Our Flagpole completed.Trade active
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