Bitcoin - Will it continue moving upwards or ready to fall down?
Hey all traders! I haven't posted for a while in here. Here's update of bitcoin.
The market is showing a rising wedge pattern which is a bearish reversal pattern and leads trend change. In this scenario it's likely going to be a minor pullback. AS history proves it's not unusual that this pattern can break upwards as well and to do so the daily candle needs to close above of the $9,000 level, SMA100 and above the resistance line of rising wedge.
This pattern is valid once it breaks the bottom support line of pattern.
Need any help with trading or have questions related to my trading setups? Feel free to send me a message via tradingview or DM me at Twitter! I'm more than glad to help you!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
The market is showing a rising wedge pattern which is a bearish reversal pattern and leads trend change. In this scenario it's likely going to be a minor pullback. AS history proves it's not unusual that this pattern can break upwards as well and to do so the daily candle needs to close above of the $9,000 level, SMA100 and above the resistance line of rising wedge.
This pattern is valid once it breaks the bottom support line of pattern.
Need any help with trading or have questions related to my trading setups? Feel free to send me a message via tradingview or DM me at Twitter! I'm more than glad to help you!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
Comment:
I'm watching this cautiously and focusing more on alts.