Bears are still winning this fight. If you are waiting to go long, it is a good idea to wait for true confirmation of a bottom, and reversal before you buy. Don't panic sell if your holding BTC and be patient. You will have lots of time to get back in or go further in to increase your position.
Looking at my chart you will see that BTC dropped out of the wedge. My next target is $6,500 where I have the green box. The rsi shows this may not be the bottom but I am just watching as a spectator at this point.
I am not trying to teach or lead anyone with my TA. I am publishing these for my own historical record. I do however enjoy comments and feedback. This Technical analysis is a new journey for me and I am not an expert. I made a commitment to only trade my own charts, so as to accelerate my learning, and if I can suggest anything to you, do the same!
~Peace
Looking at my chart you will see that BTC dropped out of the wedge. My next target is $6,500 where I have the green box. The rsi shows this may not be the bottom but I am just watching as a spectator at this point.
I am not trying to teach or lead anyone with my TA. I am publishing these for my own historical record. I do however enjoy comments and feedback. This Technical analysis is a new journey for me and I am not an expert. I made a commitment to only trade my own charts, so as to accelerate my learning, and if I can suggest anything to you, do the same!
~Peace