HerukaOnline

HerukaOnline

As shown in the previous chart, we are close to breaking out of this bearish wedge, more chance of breaking to the downside.

HerukaOnline

The rising wedge pattern is a bearish pattern, whether it forms after an established uptrend or during a downtrend. What does mommentum look like? Check out the daily chart, we see a bullish cross (MACD crossing the signal line) which has just occured. We also have a 'zero line cross over' where the MACD line is crossing above the zero line, which is bullish if...

HerukaOnline Updated 

BTC broke out of the head and shoulders earlier today (28/5). Measured moved target would be 34k. We have a lot of support in this region mostly from January 2021. Lot of trading volume in this range (32-34k). So we wait for a bounce (if there is on), then buy back in on the retest on the 4H timeframe.