So, recently we broke down on the pennant everyone was watching. As you can see in the chart above, it might break out bullish. Time will tell
Nota
BTC Heading over to the support level of the wedge. Let's see if we are able to hold at ~$6250. If we don't hold on this level, we might be in for some more correction.
Nota
So far holding on the support level. If we break, next level of support will be 5800-5900. Might even go lower than that.
Nota
Did in fact hold on the blue line. Bounced of it for now, but got a push of the line with low volume. Will probably hover arround the 6500 level for some time before going down again. Lots of resistance at the 6550 level...
Could test the blue line again but might not hold as investors are waiting for a clear direction. For now, im playing the waiting game to see if this isn't a bull trap.
Nota
Previous support has now become resistance. Also low volume, will probably fall down and retest the blue line.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.