Potential 14.1% pullback (market structure/rising wedge) BTC
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Good morning traders,
Considering the thought we may see yet another pullback after rejecting from the psychological level of $50,000 is never a bad idea.
A 14.1% pullback from the current ATH (just under $50,000) would bring us back to the previous ATH, which would be nothing more/less than a retest for structural integrity purposes.
Greed/fear level is currently at 93, yesterday it was 95 (only a -2 after a $5000 decrease in price) which is also alarming.
Funding is currently 0.1392, and predicted to be 0.1590 (funding is still high, and after breaking down from the mini rising wedge in my previous post it wouldn't surprise me to see this bigger rising wedge playout the same way we've seen many other one's in 2021 play out.
Target #1: $44,444 & will post attachments/updates letting everyone know what I'm doing
Summary: looking for a pullback to either validate support at lower levels, or continue the downward pressure towards the current target.
Please get this technical analysis to 30+ likes to unlock more content in coming days! 👍
Considering the thought we may see yet another pullback after rejecting from the psychological level of $50,000 is never a bad idea.
A 14.1% pullback from the current ATH (just under $50,000) would bring us back to the previous ATH, which would be nothing more/less than a retest for structural integrity purposes.
Greed/fear level is currently at 93, yesterday it was 95 (only a -2 after a $5000 decrease in price) which is also alarming.
Funding is currently 0.1392, and predicted to be 0.1590 (funding is still high, and after breaking down from the mini rising wedge in my previous post it wouldn't surprise me to see this bigger rising wedge playout the same way we've seen many other one's in 2021 play out.
Target #1: $44,444 & will post attachments/updates letting everyone know what I'm doing
Summary: looking for a pullback to either validate support at lower levels, or continue the downward pressure towards the current target.
Please get this technical analysis to 30+ likes to unlock more content in coming days! 👍
Transaction en cours
Transaction en cours
stoch rsi/rsi
Transaction en cours
If $50,000 rejects again I'll short, but if we break $50,000 I'll short likely to $44,444.
The trend is my friend, we get along.
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