The question that everyone is asking is where is Bitcoin going from here...
if you look back at my previous post on Bitcoin you will see that the market did exactly what we anticipated that it will do, and now BTCUSD is trying to find its place where to make the next move.
So What Is It That We Should Wait For.
I believe from this point on it will be very difficult to trade it inside with in the wedge its getting already to tight, what I would do is I will wait for a breakout either to the north or to the south it doesn't really matter, let's wait for the market to tell us and confirm what its going to do next,
now for Bitcoin to start going up we need to see a break and a close out of the wedge on the Daily then you can go to the lower time frame and wait for a pull back and make sure it holds outside of the wedge,
the same goes for the other way around just the opposite way.
I hope I was clear enough and easy to understand,
if you have any questions please ask, I love to hear different opinions as well.
Thanks,
Eli
if you look back at my previous post on Bitcoin you will see that the market did exactly what we anticipated that it will do, and now BTCUSD is trying to find its place where to make the next move.
So What Is It That We Should Wait For.
I believe from this point on it will be very difficult to trade it inside with in the wedge its getting already to tight, what I would do is I will wait for a breakout either to the north or to the south it doesn't really matter, let's wait for the market to tell us and confirm what its going to do next,
now for Bitcoin to start going up we need to see a break and a close out of the wedge on the Daily then you can go to the lower time frame and wait for a pull back and make sure it holds outside of the wedge,
the same goes for the other way around just the opposite way.
I hope I was clear enough and easy to understand,
if you have any questions please ask, I love to hear different opinions as well.
Thanks,
Eli
