BTCUSD - Update at 5960$, what I expect
As mentioned on the related idea, it's a good time to stay on the sideline, as the overall situation and overall markets are quite unpredictable.
We absolutely need to hold the current level of 5900$ (not close below it in the hourly chart). I know the timeframe is low.
We are in a pretty ugly wedge-situation IMO. If we are lucky, we may have the chance to get a pump to 7700-7900$ in the next 72 hours just to fail in a wedge and some important emas in the next three days.
If we are capable to hold short-term momentum, I would probably try to short the market at the mentioned region. Not financial advise.
Happy trading!
We absolutely need to hold the current level of 5900$ (not close below it in the hourly chart). I know the timeframe is low.
We are in a pretty ugly wedge-situation IMO. If we are lucky, we may have the chance to get a pump to 7700-7900$ in the next 72 hours just to fail in a wedge and some important emas in the next three days.
If we are capable to hold short-term momentum, I would probably try to short the market at the mentioned region. Not financial advise.
Happy trading!
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