BTCUSD. Falling wedge is forming by the Libra's hearings date
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Key notes:
- If Bitcoin broke down the uptrend line and a median of a downtrend channel, it will probably go down under 7k fast.
- For now, we have a falling wedge and decreasing volumes inside it, which can indicate that sellers are exhausing.
- I'm holding longs from ~8280 with tight stop, until wedge isn't broke. In a good case if BTC doesn't fall down, wedge will be resolved with target between 9k - 9.4k.
Nota
Nota
Selling volumes are still decreasing, I'm waiting for a confirmation of breakdown of the trend lines to close the trade with loss.Dagangan ditutup: hentian tercapai
BTC looks weak and goes to 6.5k, it seemsNota
The level still can hold, but the risk of breakdown and free fall is too highDagangan aktif
Level seems to be hold. Looking for the next movements. This week is decisive.Nota
Also there is MA240 daily, which supports the price hereNota
For now, it looks like it was a fake breakdown. Target is the same: 9kDagangan ditutup secara manual
BTC couldn't recover from here. It's better to close the longs, because another drop can occur on a thin market during the weekend
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