Bitcoin breaking the wedge
Hello everyone. Thank you for considering reading my analysis. Let me remind you that this is my opinion as it may or may not happen.
It is likely after we broke out of the wedge, we could go to our next target of 60k. We may need to retest the 50k level in the next few days to confirm the trend.
On the bearish scenario, we may not bounce on the 50k level and could dip to go back to 40k.
I would say that I would not open a long position with high leverage.
Happy trading and good luck.
Cheers,
Juvar
It is likely after we broke out of the wedge, we could go to our next target of 60k. We may need to retest the 50k level in the next few days to confirm the trend.
On the bearish scenario, we may not bounce on the 50k level and could dip to go back to 40k.
I would say that I would not open a long position with high leverage.
Happy trading and good luck.
Cheers,
Juvar
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.