BTC 1H - Update: Bearish - SHORT!!
Following up on last shared idea: BTC 1H chart - we were at the tip of the small wedge. Previous chart indicated it can either break above mini wedge as well as above main wedge and hit around 35K level where it would be sent back down inside the main wedge, or other option was for BTC to drop down within the wedge - we see now that option A was taken and now BTC is back inside the main falling wedge since May 19.
Presently at 30K, BTC is at the top range of the falling wedge. Price has more pull towards the bottom of the wedge so you can expect to SHORT at this present position.
SHORT Order: 33.2 - 33.4K
SL: 33.6 - 33.9K
TP: 32K - 31K - 30K
Not Financial Advice
Good Luck.
Presently at 30K, BTC is at the top range of the falling wedge. Price has more pull towards the bottom of the wedge so you can expect to SHORT at this present position.
SHORT Order: 33.2 - 33.4K
SL: 33.6 - 33.9K
TP: 32K - 31K - 30K
Not Financial Advice
Good Luck.
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