Hi,
Well, extrapolating the finite data, I think this should be pretty comprehensive. So the chart here itself is pretty self explanatory but let me guide some points here.
1. To be bullish or if I may say, see any upside soon we need to close above 0.618 fib which is around $7600 on a MONTHLY.
2. A side ways case could emerge if we get stuck between fib 0.618 and support of EMA 21 just below at $7000. (unlikely)
3.A larger Wedge pattern could reveal it self as you see I have drawn on the chart IF we break 55 EMA monthly which is exactly where 200 MA weekly is at $5000.
4.AND if we break $5000 use 0.786 fib and below that you have the bottom for wedge respectively as supports.
What IF bullish? I would wait for BTC to break above head resistance (upper line of the wedge) to be long.
What IF Bearish? I would try to Dollar cost average myself into the market.
Trade Safe!
******THIS IS FOR EDUCATIONAL PURPOSES ONLY*******
Well, extrapolating the finite data, I think this should be pretty comprehensive. So the chart here itself is pretty self explanatory but let me guide some points here.
1. To be bullish or if I may say, see any upside soon we need to close above 0.618 fib which is around $7600 on a MONTHLY.
2. A side ways case could emerge if we get stuck between fib 0.618 and support of EMA 21 just below at $7000. (unlikely)
3.A larger Wedge pattern could reveal it self as you see I have drawn on the chart IF we break 55 EMA monthly which is exactly where 200 MA weekly is at $5000.
4.AND if we break $5000 use 0.786 fib and below that you have the bottom for wedge respectively as supports.
What IF bullish? I would wait for BTC to break above head resistance (upper line of the wedge) to be long.
What IF Bearish? I would try to Dollar cost average myself into the market.
Trade Safe!
******THIS IS FOR EDUCATIONAL PURPOSES ONLY*******
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.