Coinbase News around the corner and dancing on a key support level indicates a change of trend in the coming hours.
Im placing my bets on downside movement, so am calling short here.
Bearish RSI Div, barts everywhere and spooky pumps lead us further downward in the wedge.
This analysis is a follow on from my Fields of corn trade setup for the next phase in bitcoins cycle.
Enter now if you're brave, at the top of the triangle. or on a downward break of the triangle is a safer sell zone. other scenario is a break up from here which would trigger more shorts on the red line.
TP around Green line and watch for price action conformation.
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A move to the upside was present taking us to the top of the wedge as predicted being a possibility, The red line in my chart has almost been penetrated and btc is showing signs of exhaustion here; should follow down over the coming days as planned but a break and volume increase could mean more upside which we will be trading.
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You've been soros'd
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Wrong chart although that had also had the soros treatment ..
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Never trust what they tell you
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Tacosaur spotted here, im expecting a retrace to around the front foot level; if the neckline breaks upwards however then sombrero is the first target
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Okay so this didnt play out anywhere near where id expected it in the original chart. These things happen, We get sucked into noise; learn, adapt and overcome. Currently not in a BTC long position due to being shook out; but will be looking to re-enter in the coming weeks/months when a good R/R play arrives. Basil
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Check back to my Fields of corn BTC chart for a more scaled out approach
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FA play around with the trend, see a pattern here? the puppets are taking turns
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Targets
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Trade still active. heres some indicators
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BTC fell right at the point indicated on the 10th; pat on the back to myself there - at the moment we are bouncing and ill be taking profits into weakness;