Traders,
Here we have BTCUSD on the daily chart.
BTC forming a rising wedge on the daily chart with aggressive price action to kick off all shaky hands from the market on lower time-frames, but the question to ask: Are we bullish ?
Ans: in my humble opinion we are bullish for now and this will be a temporary period, cause we have many confirmation that we will have a bearish cycle coming in a few weeks:
1- Bearish divergence on RSI on the daily chart
2-Oversold on 4h will lead to a temp bounce bach to the previous high at 9900$
3-A false out happened few days ago from the ALTH will lead the price to get below it again
4- Next retesting will break the wedge and this will lead the price to test 7.5k again
5- I will update this idea if we touch 7.5k stay tuned and hit the follow button to be updated
6- check the main idea posted March 2020 here below
Regards,
Mohsen
Here we have BTCUSD on the daily chart.
BTC forming a rising wedge on the daily chart with aggressive price action to kick off all shaky hands from the market on lower time-frames, but the question to ask: Are we bullish ?
Ans: in my humble opinion we are bullish for now and this will be a temporary period, cause we have many confirmation that we will have a bearish cycle coming in a few weeks:
1- Bearish divergence on RSI on the daily chart
2-Oversold on 4h will lead to a temp bounce bach to the previous high at 9900$
3-A false out happened few days ago from the ALTH will lead the price to get below it again
4- Next retesting will break the wedge and this will lead the price to test 7.5k again
5- I will update this idea if we touch 7.5k stay tuned and hit the follow button to be updated
6- check the main idea posted March 2020 here below
Regards,
Mohsen
Market analysis, scalping calls, Binance Alts signals and real time news & Sentiment on:
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
