Warning: Use this information at your own risk.
Bitcoin actual situation:
- it stops at 46000
- now retracing in direction to 42000 support
- inside a rising wedge( OMG danger everywere X´D)
TA:
- it may retrace lower to 42000 and stay there for a while
- maybe we see a nice tradeable triangle
- then there are 2 options like always:
+ it can continue de new uptrend following the base of the rising wedge
+ or it can break lower and retrace furter to 38000 support and start a new downtrend
to 30000 support continuing the lateral bullshit
Let me now in the comments if this post help you and be welcome to make any suggestion.
Bitcoin actual situation:
- it stops at 46000
- now retracing in direction to 42000 support
- inside a rising wedge( OMG danger everywere X´D)
TA:
- it may retrace lower to 42000 and stay there for a while
- maybe we see a nice tradeable triangle
- then there are 2 options like always:
+ it can continue de new uptrend following the base of the rising wedge
+ or it can break lower and retrace furter to 38000 support and start a new downtrend
to 30000 support continuing the lateral bullshit
Let me now in the comments if this post help you and be welcome to make any suggestion.