$BTC getting confusing #LetsLearntogether
Updated
Hi everyone!
This is not a financial advise to buy or sell bitcoin its is my personal trade and i am sharing this for my record and for educational purposes
i am not a professional trader, i am also learning
in this chart btcusd is forming rising wedge pattern according to this pattern we are bearish
MA 50 and 200 had crossover which is bullish
so i am expecting the price to touch 61-65 fib level which is also resistance of 200 daily moving average
so its confusing i am not in any trade until rising wedge breaks down or we touch 61 fib level so here is my opinion
thanks i would love your comments and opinions so that we can learn together.
also follow me on twitter
#letsLearnTogether
This is not a financial advise to buy or sell bitcoin its is my personal trade and i am sharing this for my record and for educational purposes
i am not a professional trader, i am also learning
in this chart btcusd is forming rising wedge pattern according to this pattern we are bearish
MA 50 and 200 had crossover which is bullish
so i am expecting the price to touch 61-65 fib level which is also resistance of 200 daily moving average
so its confusing i am not in any trade until rising wedge breaks down or we touch 61 fib level so here is my opinion
thanks i would love your comments and opinions so that we can learn together.
also follow me on twitter
#letsLearnTogether
Note
so the wedge had breakout but with low volume so i didn't trade and today its again tested the bearish trend line expecting to touch 7900 to 8200 then will wait for confirmation if it breaks 8200 resistance i will be long if failed the i will be short.will update about it
any opinions?
#letslearntogether
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