BTCUSDT Breaking Support - SWING Opportunity
Salam.
BTC seems to be breaking down to the bottom of the relevant wedge pattern; could be a short opportunity.
We failed to break through wedge trend line, which led to the following:
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Bottom looks like $5900.
Peace,
DISCLAIMER:
MY IDEAS ARE JUST OPINIONS, NOT FINANCIAL ADVICE. I LIKE CHARTS, THIS IS JUST FOR FUN...
BTC seems to be breaking down to the bottom of the relevant wedge pattern; could be a short opportunity.
We failed to break through wedge trend line, which led to the following:
- Negatively broke out of upward sloping channel.
- Broke 21 EMA, currently testing 50 MA.
- Broke significant .618 fib level.
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- MACD cross shows heavy bearish divergence.
- RSI can bounce around oversold for some time, look to the past for ideas.
Bottom looks like $5900.
Peace,
DISCLAIMER:
MY IDEAS ARE JUST OPINIONS, NOT FINANCIAL ADVICE. I LIKE CHARTS, THIS IS JUST FOR FUN...
Note
Still got some room to go.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.