Hi all,
I am bull long term on BTC. However, till the time its below weekly 21 EMA and 200 MA, i am bearish on short term. That said, we can see Rising Wedge formation on 1 and 4 hourly charts of BTC USD. It may go up and test the upper line at 7700 area , however, 70% chance is it will go back down to 7200 once the rising wedge formation breaks . Good Luck all :)
I am bull long term on BTC. However, till the time its below weekly 21 EMA and 200 MA, i am bearish on short term. That said, we can see Rising Wedge formation on 1 and 4 hourly charts of BTC USD. It may go up and test the upper line at 7700 area , however, 70% chance is it will go back down to 7200 once the rising wedge formation breaks . Good Luck all :)
Comment:
It was a perfect trade. BTCUSD Spiked up to 7660 and went back down to 7200. It was my 2nd post here with nearly 100% accuracy. I hope to keep the standard in future as well.