Bitcoin - After 72 days in an Uptrend and crushing 180% is this time for a Major reversal?
- 180% Rise with no Major Retrace
- Daily Uptrend Broken
- Failed to Break Major EQ at 9250-9300
- Failed to break Center BB
- MACD continuing to spread
- Selling Volume returning to the market
- RSI Neutral and has room to move
- Short entered with stop loss above previous structure.
- Targets set at Fib Levels which also correspond with EQ's.
- This will now see us re enter the Descending Broadening Wedge which started in JULY 2019
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
- 180% Rise with no Major Retrace
- Daily Uptrend Broken
- Failed to Break Major EQ at 9250-9300
- Failed to break Center BB
- MACD continuing to spread
- Selling Volume returning to the market
- RSI Neutral and has room to move
- Short entered with stop loss above previous structure.
- Targets set at Fib Levels which also correspond with EQ's.
- This will now see us re enter the Descending Broadening Wedge which started in JULY 2019
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!