BTC, time to SHORT and wait for a LONG.
It looks like BTC broke out of an ascending wedge after a strong upward movement for 10 days,
The next support level is in the 4000 range.
# If the 4000 support holds strongly and we get a strong bounce with a nice volume then we'll likely continue up to the 4800-5000 range
# If the 4000 support doesn't hold and we break below it & below the cloud then we'll likely continue down to the 3500 range
which is a strong previous support level + an uptrend.
and so the 3500 range will be a better entry for a long position.
I'd Like to hear your opinions.
The next support level is in the 4000 range.
# If the 4000 support holds strongly and we get a strong bounce with a nice volume then we'll likely continue up to the 4800-5000 range
# If the 4000 support doesn't hold and we break below it & below the cloud then we'll likely continue down to the 3500 range
which is a strong previous support level + an uptrend.
and so the 3500 range will be a better entry for a long position.
I'd Like to hear your opinions.
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