#SUSHI rejected from the strong resistance zone of $3.65 - $3.73. Currently, price is retesting back to the downtrend resistance line. Price can easily broke it down and test little bit low. If you opened the position then hodl with tight stoploss.
#BNB dropped till $400 as said and price made a large wick of the trendline support, which shows strong buyers confidence. If you bought the low then it well and good. Now, we're expecting the price push till $425 or more.
It is breaking down trendline support and currently holding above horizontal support. EMA'S and MA'S are acting as resistance. MACD crossover is showing bearish momentum. It might do a liquidity grab and some candle closes below the trendline resistance will confirm some further correction in it.
I know, rising wedge....But this is not same cycle like in 2017. In 2017 bullrun was influenced by retail investors. Today more of buys are from banks and institutions. So, i do not think we are ending by end of this year, or 1q in next year. This can by much longer as previous btc cycles. Due to pandemic, we will have much more stimuls, which is really good for...
Bitcoin forming diamond pattern.
This pattern has no bias so it can be either bullish or bearish.
Can this be top for Bitcoin for the next few days/weeks?
Yes, but I’m still thinking we didn’t see the final stage of the move up.
Bitcoin is looking too good at these prices without pulling back too much.
The fact that it’s consolidating just 5% below an...