Hey everyone, we broke down a nice rising wedge on high UTs. Target for me is at 48K which is the same target as the UT 3D divergence.
We are currently in a symmetrical triangle which is expected to break down. However considering the steep drop I consider big liquidity pools around 59k to be hit before we can assume further up trend or down trend. Fundings are also very low across the board of exchanges. I therefore expect either a fake down of the triangle OR more likely a break up. We will have to take decision in red 59k zone either to sell or to hedge our BTCs imo. It will all depend of the price action there (high fundings, divergences... etc) I expect alts to continue to party while BTC chill.
Pretty sure we topped on doge tho and this money will rotate to other alts in the market.
GL HF!
PS : KEEP LEVERAGES LOW! ESPECIALLY ON ALTS!
We are currently in a symmetrical triangle which is expected to break down. However considering the steep drop I consider big liquidity pools around 59k to be hit before we can assume further up trend or down trend. Fundings are also very low across the board of exchanges. I therefore expect either a fake down of the triangle OR more likely a break up. We will have to take decision in red 59k zone either to sell or to hedge our BTCs imo. It will all depend of the price action there (high fundings, divergences... etc) I expect alts to continue to party while BTC chill.
Pretty sure we topped on doge tho and this money will rotate to other alts in the market.
GL HF!
PS : KEEP LEVERAGES LOW! ESPECIALLY ON ALTS!
