Hello
I am writing briefly thoughts on bitcoin
- The price has formed a rising wedge, which can be broken downwards if we do not go beyond the current resistance.
At the moment, the resistance level is 11780-11880
A good signal to open a short trade will be the price's failure to gain a foothold above this zone, or an exit from the wedge and its retest.
Local support at 11560, breakout and consolidation below will lead to the next level 11250
Cancellation of the current scenario - going beyond 11900 and closing
This is just my opinion, and is not a call to action)
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Thanks for visiting.
I am writing briefly thoughts on bitcoin
- The price has formed a rising wedge, which can be broken downwards if we do not go beyond the current resistance.
At the moment, the resistance level is 11780-11880
A good signal to open a short trade will be the price's failure to gain a foothold above this zone, or an exit from the wedge and its retest.
Local support at 11560, breakout and consolidation below will lead to the next level 11250
Cancellation of the current scenario - going beyond 11900 and closing
This is just my opinion, and is not a call to action)
Looks good? Leave a like, share and leave a comment.
Thanks for visiting.
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