Bear Is Falling With Bull To Meet It
Target: Bounce from pink line (A bit or a lot from the long term line)
Reason: A falling wedge has been formed. Clearly, sellers are putting pressure on top of the chart. Let's see what will happen at this point. I suspect that it won't be going too far up. The price will probably meet the long term 200 EMA. A bounce to the black upper line will probably happen before that.
Time: 2 days? Maybe.
Reason: A falling wedge has been formed. Clearly, sellers are putting pressure on top of the chart. Let's see what will happen at this point. I suspect that it won't be going too far up. The price will probably meet the long term 200 EMA. A bounce to the black upper line will probably happen before that.
Time: 2 days? Maybe.
Note
Correction bounce near upper black line *Note
BTC will probably crash tomorrow, it shows sign of bearish market. On the other hand, a little bit bump upwards in price will happen before that. Keep in mind 11.59 AM to 4 PM GMT! Criterias will probably not be completed!Trade closed manually
Obs, the wedge actually looks like a rising wedge instead of a falling wedge.
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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.