Thoughts on BTC at this moment.
Currently in rising wedge, expecting a break upwards to challenge resistance at 16k. Need to watch price action past 16k as this could be area of reversal and formation of right shoulder.
BTC often reks H&D's but it is still a possibility.
If daily candle closes above 17.5k, expect mega moon.
Proceed with caution.
Currently in rising wedge, expecting a break upwards to challenge resistance at 16k. Need to watch price action past 16k as this could be area of reversal and formation of right shoulder.
BTC often reks H&D's but it is still a possibility.
If daily candle closes above 17.5k, expect mega moon.
Proceed with caution.
Comment:
Full bearish scenario if we do get heavy rejection after touching $16-17.5k
4h closed above 200 EMA.
Feeling very bullish atm but still need to see $16-17.5k cleared.