Bitcoin Forming Bearish Channel.. BE CAREFUL!
Bitcoin has been ehh lately, I am being very careful and patient before placing any orders.
Target 1 is around 6900.
I think that we will drop to 6500 before we pass 7000.
BTCUSD is still in a bearish wedge on the daily chart. We would need to break above 7520 to bounce out of this trend. If we break all the way down to 5800 I think we will basically repeat thr 2014 scenario..
Bullish Long Term, Bearish Short Term
What is your opinion on all of this? Please share with me as I love listening to others opinions when playing in this market :)
Target 1 is around 6900.
I think that we will drop to 6500 before we pass 7000.
BTCUSD is still in a bearish wedge on the daily chart. We would need to break above 7520 to bounce out of this trend. If we break all the way down to 5800 I think we will basically repeat thr 2014 scenario..Bullish Long Term, Bearish Short Term
What is your opinion on all of this? Please share with me as I love listening to others opinions when playing in this market :)
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