If there is one thing clear to me is that crypto lovers have a motto: "To the moon", and it wasn't quite like they expected till now.
For some time now I'm also bullish crypto, but I can't ignore the fact that I'm a technical analysis first and the chart at this point tells me a different story.
After the 11500 break, Btc had a good run of 50% in less than a month and now looks tired and in need of a correction.
A new spike up is not out of the question to complete the rising wedge formation and that can be an opportunity for speculators to initiate short trades.
The target on short term sells can be just above 14k
For some time now I'm also bullish crypto, but I can't ignore the fact that I'm a technical analysis first and the chart at this point tells me a different story.
After the 11500 break, Btc had a good run of 50% in less than a month and now looks tired and in need of a correction.
A new spike up is not out of the question to complete the rising wedge formation and that can be an opportunity for speculators to initiate short trades.
The target on short term sells can be just above 14k
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.