Corrupt_Economy

Ascending Broadening Wedge - Target 7350

BITFINEX:BTCUSD   비트코인
We broke to the down side of the small light blue symmetrical triangle. Target is around 8050. If this target is reached, then we will have also broken below the green ascending broadening wedge. A break below this sees a target of around 7350. Please note: That ascending broadening wedges more often than not break to the downside. Considering we are overbought on some many time frames, plus the bearish divergence on the four hour (+ hidden bearish divergence on weekly), plus the 50 EMA on the weekly is converging with a long term support turned resistance on the weekly which we have found resistance at, + other indicators; leads me to believe we should retrace. However given the blatant manipulation of the market lately, who knows for sure!

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.