We could have some red days in front of us.
First we have a small rising wedge (green lines) with high probability to break down in the next hours or 1-2 days.
If the green wedge break down then we have another bigger rising wedge (red lines).
If these wegde will break down in 1 or 2 weeks then we have our strong trendline (pink) starting from Jun 10.
If this trendline will break again (like already happened Jul 19) we have the EMA 200 support. This support worked on Jul19/20 as good support.
If EMA 200 should break we will have the chance to buy cheap BTC again...
So it‘s a worst case scenario but the good message is: there‘ve been a lot of „if“ in my last sentences and I don‘t think that all the „if“ will happen.
First we have a small rising wedge (green lines) with high probability to break down in the next hours or 1-2 days.
If the green wedge break down then we have another bigger rising wedge (red lines).
If these wegde will break down in 1 or 2 weeks then we have our strong trendline (pink) starting from Jun 10.
If this trendline will break again (like already happened Jul 19) we have the EMA 200 support. This support worked on Jul19/20 as good support.
If EMA 200 should break we will have the chance to buy cheap BTC again...
So it‘s a worst case scenario but the good message is: there‘ve been a lot of „if“ in my last sentences and I don‘t think that all the „if“ will happen.
Comment:
sorry: not Jul 19 - I mean Jul 2 (in 2019).
Trade closed: target reached:
I‘m a little bit surprised but all of my „if“ happened within 48 hours.
Target reached, Trade closed .
I will see you at 8500 in the next weeks or even lower...
Target reached, Trade closed .
I will see you at 8500 in the next weeks or even lower...
