cryptonitin

Bitcoin forming ascending wedge

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hello Friends,

This is the first TA I'm going to publish. From past few weeks, I've been trading following my TA and it has provided decent returns. So, I thought of publishing it :)

Bearish Signs:
a. Rising wedge - Most of the times it breaks down.
b. RSI and Stock RSI are relatively high
c. MACD nearing bearish crossover

We have to consider the fact that we just had a huge pump and bitcoin needs to cool down before making another leg up.

Personally, I'd wait for bitcoin to drop around 6350-6400 range and then wait for next move with a stop loss of 6250.

This is my personal idea and not a financial advice.

Thanks :)

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