BTC still in downward wedge, possibly going towards 6K once more

16 ธ.ค. 2019

BTC is still in a downward wedge. The price previously touched around 6,515 and I expect us to get lots closer to 6K once more before we break out of this wedge.

Personally I am trying to make buys along the bottom support line of this wedge. This is always a good way to DCA in case of a sudden break to the upside :)

Judging by the parabolic indicator I suspect the upswing is finishing and we are going to start a downswing.

Next price targets / buys are:

6,200
6,000
5,800 (we might wick down to this point briefly)

I suspect we will hit these prices over the next week or so (unless we take a sudden rally/dump) - be ready to buy either way!

Note: I am a horrible trader, my calls are usually always wrong. Do not use this as financial advice! I only am sharing what I am doing myself :) Make your own decisions!

~ LeshaCat / EasyX Community Admin

18 ธ.ค. 2019

บันทึก

We could hit the 6K level temporarily today if we have a turnaround from the days bump upwards. Otherwise we should have the downswing continue tomorrow where we will hit 6k levels.

18 ธ.ค. 2019

บันทึก

It looks like we are headed back up towards the upper trend line before Christmas. I think this is just a bull trap and we will rebound off the top trend line to come back towards the bottom trend line around Christmas.

I will be shorting (selling) BTC for a few days from the top of the wedge back down towards 6K where I will long (buy) BTC.

No exchanges, no leverage. Only using coin switchers within Exodus wallet.