electricalPyth84860

Bitcoin liquidity grab after break of falling wedge

electricalPyth84860 Atualizado   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin is preparing to dump again, we can get agressive rebound after liquidation of more accounts or we can get huge panic with revisiting lower supports.
-With bullish rebound we can expect formation of lower high creating right shoulder of head and shoulders pattern.
-With dump we can expect 39000 btc slowly showing signs of bear market.
I do not think this is good trade setup because this situation can be easly manipulated and your trades can be stopped out.
Comentário:
Wedge broken upwards, but it was not bottom sign.
Everyone expects rebound after such formation of bottom so it will not be a bottom.
We need more liquidations if we want move upwards.
Then we need consolidation at lower levels.
Aviso legal

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