Hey everyone, this is an update to my downward wedge chart. I added a resistance line in the middle.
It looks like we are going down to 6K. There is a bull flag below the middle resistance line, which will likely fail and break downwards due to the intersecting resistance lines (horizontal + middle green resistance) and if we do break to the upside we will definitely not break out of the downwards wedge again due to intersecting resistance lines (horizontal + top resistance of downward wedge)
Ultimately I see us trading side/down to 6K so be ready to buy more!
This is not financial advice. I am usually always wrong. Do your own research and form your own opinions.
~ LeshaCat / EasyX Community Admin
It looks like we are going down to 6K. There is a bull flag below the middle resistance line, which will likely fail and break downwards due to the intersecting resistance lines (horizontal + middle green resistance) and if we do break to the upside we will definitely not break out of the downwards wedge again due to intersecting resistance lines (horizontal + top resistance of downward wedge)
Ultimately I see us trading side/down to 6K so be ready to buy more!
This is not financial advice. I am usually always wrong. Do your own research and form your own opinions.
~ LeshaCat / EasyX Community Admin
Kommentar:
Unless we get an unexpected huge momentous move to the upside, we should rebound off the top of the channel and head back towards 6K again.
I will be shorting / selling into stable coin from the top in case we do head back downwards so I can rebuy lower.
I suspect over Christmas we will get a dip, but this is just a gut feeling.
~ LeshaCat / EasyX Community Admin
I will be shorting / selling into stable coin from the top in case we do head back downwards so I can rebuy lower.
I suspect over Christmas we will get a dip, but this is just a gut feeling.
~ LeshaCat / EasyX Community Admin
Kommentar:
Ok we have completed a bearish H&S pattern which means we are going down again.
I have stable coined about $400 of my BTC to hold for lower prices. Downward price target from others is $6,400 USD
You should consider the same. Not financial advice.
I have stable coined about $400 of my BTC to hold for lower prices. Downward price target from others is $6,400 USD
You should consider the same. Not financial advice.
Kommentar:
VINDICATED!
BTC tanked to the middle support line in the downward wedge, and I see us breaking through it and heading towards 6K.
Be ready to buy more BTC and/or exit your short positions, it will touch down fast and bounce off the bottom trend line!
~ MooCat / EasyX Community Admin
BTC tanked to the middle support line in the downward wedge, and I see us breaking through it and heading towards 6K.
Be ready to buy more BTC and/or exit your short positions, it will touch down fast and bounce off the bottom trend line!
~ MooCat / EasyX Community Admin
Be ready to buy if BTC dips again.
~ LeshaCat / EasyX Community Admin