BTC Imminent downside followed by Huge breakout untuk BITMEX:XBTUSD.P oleh SamMitchell

chartpattern wedgepattern trendanalysis btc btcusd tdsequential

BTC is setting up a wedge between the larger downward bear trend line it has been rejected from multiple times and the upward trend lines for the short term bullish trend, red 9 on TD indicator and oversold RSI is setting us up for imminent short term downside to around 9.8k-10.1k and then entering the wedge creating a squeeze of what will be a huge impulsive move upward out of the wedge

Komen:

Bounce happened about $150 higher that anticipated, that why it is always important to ladder in and out of positions, we are looking very bullish on every retrace in this bullish trend, i would not recommend any short positions.

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