Let's make it simple. We have a short opportunity because of: Rising wedge + RSI divergence Wait for confirmation with the wedge breakdown. If confirmed, 0.38 fibo + 200 ema ($150 area) would be a good target. Consider money management. Good luck, Median Eagle.
There is a rising wedge in btcusdt chart. This wedge should likely break down. If so, 42500 area will probably be a good buy opportunity. Fear, when people are greedy. Wait for confirmation. Always do your own research. Good luck, Median Eagle.
Btc is obviously in a down trend in daily timeframe. The static and dynamic resistances on the chart make us to be prepared for a possible short position with a remarkable risk/reward ratio. Be careful; only short on the rejection from the indicated resistances, and also consider the stochastic indicator. Good luck, Median Eagle.
As everything is clear on the chart, you can consider long or short positions depending on what market decides to do in next hours. With risk management you can also consider a long on consolidation between the support and resistance. Consider the linked ideas as well. Best Regards, Median Eagle.
We all know BTC is the king, and its dominance gives us important information. The beautiful rising wedge has been broken down and retested for confirmation. Without any further information we expect seeing 40% soon. By the way, fibo levels and the horizontal levels help us predict the path. You might name this "mini alt season". For the "alt season", we need a...