Bear Is Falling With Bull To Meet It
Target: Bounce from pink line (A bit or a lot from the long term line)
Reason: A falling wedge has been formed. Clearly, sellers are putting pressure on top of the chart. Let's see what will happen at this point. I suspect that it won't be going too far up. The price will probably meet the long term 200 EMA. A bounce to the black upper line will probably happen before that.
Time: 2 days? Maybe.
Reason: A falling wedge has been formed. Clearly, sellers are putting pressure on top of the chart. Let's see what will happen at this point. I suspect that it won't be going too far up. The price will probably meet the long term 200 EMA. A bounce to the black upper line will probably happen before that.
Time: 2 days? Maybe.
Comment:
Correction bounce near upper black line *
Comment:
BTC will probably crash tomorrow, it shows sign of bearish market. On the other hand, a little bit bump upwards in price will happen before that. Keep in mind 11.59 AM to 4 PM GMT! Criterias will probably not be completed!
Trade closed manually:
Obs, the wedge actually looks like a rising wedge instead of a falling wedge.