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BTC Bullish? Doubt it.
200EMA (which has been already faked out 3 times) as resistance.
Resistance of long term trend-line.
Resistance of rising wedge (Continuation pattern - bearish in a bearish market).
55EMA of volume: dropping volume with increasing price. (Difficult to see on published graph)
Stochastic: Maxed out on 1 day chart.
How I see it: Correction is due based on stochastic alone. This lines up with failed break @ multiple resistances, and the downward breakout of a rising wedge. This leads to mass sell off as the patterns are validated.
Target: $6000, then reassess market.
Resistance of long term trend-line.
Resistance of rising wedge (Continuation pattern - bearish in a bearish market).
55EMA of volume: dropping volume with increasing price. (Difficult to see on published graph)
Stochastic: Maxed out on 1 day chart.
How I see it: Correction is due based on stochastic alone. This lines up with failed break @ multiple resistances, and the downward breakout of a rising wedge. This leads to mass sell off as the patterns are validated.
Target: $6000, then reassess market.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.