We have huge falling wadge on the daily BTC chart!!
Everybody is now looking at the ascending channel on the weekly and i also saw it but at 34k (you can look at my profile).
Now everybody on YouTube is talking about it and that is why i think that we are going to break it to the downside to make them even more bearish.
So i think we are going to low 30k levels even maybe slightly below.
This huge falling wadge has already multiple touch points on the upside and downside.
We have one small fake out and after that 2 times we findet a support on the bottom line, however on the weekly we dont have this fake out because we closed above it.
As we all know at that levels we have massive support and i dont think is going to be broken.
Another indication of the revrsal at that level, is the RSI on the weekly, because is most likely going to be at 30, whith has heppened only 2 times at the bear market low in 2015 and bear market low in 2018.
What do you think about this falling wadge?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
Now everybody on YouTube is talking about it and that is why i think that we are going to break it to the downside to make them even more bearish.
So i think we are going to low 30k levels even maybe slightly below.
This huge falling wadge has already multiple touch points on the upside and downside.
We have one small fake out and after that 2 times we findet a support on the bottom line, however on the weekly we dont have this fake out because we closed above it.
As we all know at that levels we have massive support and i dont think is going to be broken.
Another indication of the revrsal at that level, is the RSI on the weekly, because is most likely going to be at 30, whith has heppened only 2 times at the bear market low in 2015 and bear market low in 2018.
What do you think about this falling wadge?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
MP