Bitcoin is currently trading within a Descending Broadening Wedge that appears to be completing and ready to flip bullish. RSI is 51 at time of publishing. Price action fell through the 50 sma and then recovered at the 100 sma. It then temporarily lost the 100 sma and recovered it. PA is currently sitting on the .5 extension.
The bottom of the price action has also formed a "v" recovery. I think this area is bottom.
Key levels to watch for after the breakout are marked with green horizontal lines and correspond to fib extensions.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
The bottom of the price action has also formed a "v" recovery. I think this area is bottom.
Key levels to watch for after the breakout are marked with green horizontal lines and correspond to fib extensions.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
Nota
This is the V im talking about in the main post respresented with a triangle.Nota
Nota
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Publicaciones relacionadas
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.