BTC prediction short, current ascending wedge
Been a while since ive published any ideas, but this short season has proven to follow a similar pattern through out. Im of the mind that the next drop will follow accordingly!
The red arrow also happens to point at the 13th of october... coincidence?
Regardless, im watching this channel and keeping a close eye on the DXY . Which just broke up through its 112.5 resistance level to 112.8. i feel this may see some downside soon however, allowing some upwards movement in BTC price. Enough perhaps to get close to my final target short entry!
good luck everyone!
The red arrow also happens to point at the 13th of october... coincidence?
Regardless, im watching this channel and keeping a close eye on the DXY . Which just broke up through its 112.5 resistance level to 112.8. i feel this may see some downside soon however, allowing some upwards movement in BTC price. Enough perhaps to get close to my final target short entry!
good luck everyone!
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BTC broke down a bit earlier than i expected, but just as i proposed, the 13th made a major drop!
Weve since retested the bottom of this channel and have rejected quite welll. My DXY chart shows some strong confluence to this prediction as well.
i expect we could possible see another swing up, but with this jam packed week full of 'good' news to come. i dont see it being the most likely scenario.
that being said. after this heavy news week and a drop in BTC price. i imagine we could fall into a lower range before an exit pump into the FOMC; where we will see a hammer drop into a river a blood.
As usual, good luck gentlemen and women (;
Weve since retested the bottom of this channel and have rejected quite welll. My DXY chart shows some strong confluence to this prediction as well.
i expect we could possible see another swing up, but with this jam packed week full of 'good' news to come. i dont see it being the most likely scenario.
that being said. after this heavy news week and a drop in BTC price. i imagine we could fall into a lower range before an exit pump into the FOMC; where we will see a hammer drop into a river a blood.
As usual, good luck gentlemen and women (;
Ride the waves
adjusted. see if this holds during this key moment.