Hello Friends,
This is the first TA I'm going to publish. From past few weeks, I've been trading following my TA and it has provided decent returns. So, I thought of publishing it :)
Bearish Signs:
a. Rising wedge - Most of the times it breaks down.
b. RSI and Stock RSI are relatively high
c. MACD nearing bearish crossover
We have to consider the fact that we just had a huge pump and bitcoin needs to cool down before making another leg up.
Personally, I'd wait for bitcoin to drop around 6350-6400 range and then wait for next move with a stop loss of 6250.
This is my personal idea and not a financial advice.
Thanks :)
Share your views in comments.
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