BTC broke the rising wedge and now forming a flag, if we can break the neckline we will return bullish.
At this given time we are still looking bearish, the 50MA line got bellow the graph this indicates a downtrend.
We could bounce back up when we hit 46 000. If we break the second green box we will see a dip to approx 43 0000.
This would be a good buying opporunity.
When we look at the RSI indicator we can that we are still looking bearish,
if we break below 39.20 we will see a strong dip. If we can stay above 48.96 we will remain bullish.
BUY IN: 46 000 - 43 000
TP1: 50 998.10
TP2: 52 958.92
TP3: 58 215.13
These are just my thoughts don't take this as financial advice. Good luck :)
At this given time we are still looking bearish, the 50MA line got bellow the graph this indicates a downtrend.
We could bounce back up when we hit 46 000. If we break the second green box we will see a dip to approx 43 0000.
This would be a good buying opporunity.
When we look at the RSI indicator we can that we are still looking bearish,
if we break below 39.20 we will see a strong dip. If we can stay above 48.96 we will remain bullish.
BUY IN: 46 000 - 43 000
TP1: 50 998.10
TP2: 52 958.92
TP3: 58 215.13
These are just my thoughts don't take this as financial advice. Good luck :)