BINANCE: BTC/USDT (Rising Wedge Broken)

BTCUSDT

Falling wedge finally broken. Dump was immanent and it happened. This market corrections will help market to grow stronger. besides with that bearish funding rates and bearish divergences in multiple indicators we expected this. We had weaker impulse moves every time from 99% to 44% to 20 % and 8% and this shows us bulls are getting weak.
imo we are still in local bearish move and will see a "Dead Cat Bounce" from 56k to 58k and waiting for possible last kiss at 58k area. this is a good place to take a short position. this is risky call as we are still in bull run on higher time frames.
You can risk and buy some coins at 55500 - 56000 to sell at above mentioned area or just wait for 58k area to switch to $.

This is my personal idea and you have to do your own research before making any financial decision.

Trade geschlossen: Ziel wurde erreicht:

all done