BINANCE:BTCUSDT   Bitcoin / TetherUS
Alright so here are my thoughts for BTC over the next few days.

BTC appears to be in a falling wedge as you can see on the 4hr. MACD and RSI continue to fall in the higher time frames and we entered the 4hr cloud with a bearish TK cross. Whats most interesting is that the bottom of the wedge lines up with the 50% retracement as well as a flat Kumo bottom all suggesting a drop the 8900 area and then possibly a bounce off that support and a break of the wedge to the bullish side. Let me know what you guys think!
I see the same thing. May be a bullish reversal to test the upper trend line again. It also would be completing the inverse head and shoulders.
+1 Reply
And of course.... The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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