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BTC going up or down?
After the long downward channel breakout, BTC/USD started to form an ascending wedge, which is a bearish pattern. A confirmation of the pattern would be the break of the lower trendline.
On the bullish side, the golden cross is starting to come closer as the 50MA is closing in on the 200MA on the daily chart. However, chart pattern rules over MA and I think we will be printing a higher low on the weekly chart before we will see a next run up.
Shorting at the breakdown of the lower trend line. Target is 9800 USD
On the bullish side, the golden cross is starting to come closer as the 50MA is closing in on the 200MA on the daily chart. However, chart pattern rules over MA and I think we will be printing a higher low on the weekly chart before we will see a next run up.
Shorting at the breakdown of the lower trend line. Target is 9800 USD
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