This is what I've been talking about for the last few weeks. We're about to see a three-drives pattern completed within this year-long wedge, and it just happens to be at the exact point where the bottom of the wedge meets up with the long-term trendline.
I'm currently short until we break down out of this small blue descending triangle within the long-term wedge, but I will probably be a buyer around $250 depending on the price action. Volume is declining along with the price, which means we may be overdue for a correction to the upside. I tend to think that if we were going to drop like a stone, as some people are saying, the decline this year would have been a lot faster.
BTC Donations:
1Kz7JnU9zrdCjNfzjax4hgPmLdqAQScEtr
I'm currently short until we break down out of this small blue descending triangle within the long-term wedge, but I will probably be a buyer around $250 depending on the price action. Volume is declining along with the price, which means we may be overdue for a correction to the upside. I tend to think that if we were going to drop like a stone, as some people are saying, the decline this year would have been a lot faster.
BTC Donations:
1Kz7JnU9zrdCjNfzjax4hgPmLdqAQScEtr
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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.
Penerbitan berkaitan
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.