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BTC/USD idea
Falling wedge on 1D BTC chart. Every market has corrections after nicely bull
ride. We are preparing for spring/summer 2018 push. Retraced to 0.382 fib level,
first uptrend line still holding the price, watch for that level. If it breaks
look for 0.236 fib lvl and last uptrend line as support. All indicators still going in favour of downtrend, while stichastic is entering in oversold zone.
I would buy at this point and wouldn't regret. But if you want to be sure wait for clear reversal market signs on MACD, ADXnDI.
ride. We are preparing for spring/summer 2018 push. Retraced to 0.382 fib level,
first uptrend line still holding the price, watch for that level. If it breaks
look for 0.236 fib lvl and last uptrend line as support. All indicators still going in favour of downtrend, while stichastic is entering in oversold zone.
I would buy at this point and wouldn't regret. But if you want to be sure wait for clear reversal market signs on MACD, ADXnDI.
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