The BTC price is currently in a rising wedge with the RSI trying to break its trend. I am waiting for pull back below $5K before adding to my long position. How much lower? Mid $4Ks. Fibs at 50%, 61.8%, 78.6% not shown on this chart. If we rocket higher from here no worries, I already have my long position. If we go lower no worries I'll just add to it. I'm just posting this chart to see what it looks like in a few days. Next week should be interesting.....
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It looks like the price is at a key decision point while bumping up against that baby blue line. To point out the obvious it will either get rejected one last time or blast through making a higher high. I'm cool either way.
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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.