#BTCUPDATE - 9.5.21
BTC is trying desperately to breakout of the $59k but in doing so has been forming a pretty distinct rising wedge. This is a pretty bearish pattern - being Sunday this could see a pretty steep drop. This along with a Bearish divergence is looking more negative than positive for the next move for BTC. If you don't like risk then probably hold off trading today - especially being Sunday.
We want to get above $59k on this next push/bounce if not then there will HIGHLY likely be a very bearish move down.
BTC is trying desperately to breakout of the $59k but in doing so has been forming a pretty distinct rising wedge. This is a pretty bearish pattern - being Sunday this could see a pretty steep drop. This along with a Bearish divergence is looking more negative than positive for the next move for BTC. If you don't like risk then probably hold off trading today - especially being Sunday.
We want to get above $59k on this next push/bounce if not then there will HIGHLY likely be a very bearish move down.
