EXCAVO

Bitcoin update June 21

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hello
Bitcoin update 21.06.2021

I still follow my previous analysis.



We touched support line of triangle
Inside the triangle I see falling wedge pattern
RSI-Oversold
Fear and greed index - 23 (Extreme Fear)

We shorted last down movement
And I see good level for swing trade



Best regards EXCAVO
Trade active

Comments

Small bounce or a little chop then down again. Look at the volume, it's increasing. People are starting to abandon the sinking ship.
+10 Reply
Amit26 AdrianZen
@AdrianZen, sinking ship?? a patch of rough sea may be, the ship isnt sinking
+5 Reply
@Amit26, cope
+3 Reply
apsnt AdrianZen
@AdrianZen, Yeah, it's a widening wedge. Deeper drop incoming.
Reply
fract AdrianZen
@AdrianZen, wait, after the pullback
+1 Reply
@fract pullback from which price?
+3 Reply
Definitely bullish Elon musk lost a lot of money and he will continue to lose money going bearish.
+3 Reply
@EXCAVO does the break of 30k change your view?
+2 Reply