BTC Bearish short term, Bullish Long Term - down to $6k then up!
With BTC breaking it's year long trendline, a new wedge has formed with one - two more touches possibly incoming.
Possible Fiat purchase scenario:
Stagger buys @ $6600, $6300 & $6150, Possible sell off around $8k on 06/07 from previous trend with a retest and buy back around $6k.
Possible Fiat purchase scenario:
Stagger buys @ $6600, $6300 & $6150, Possible sell off around $8k on 06/07 from previous trend with a retest and buy back around $6k.
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Wedge bounce has held, looks like we may have hit the bottom, but im not counting out a dead cat bounce on the daily like it has before
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Update: We ducked under the trend line and i noticed it was a little off. this is still valid although it bounced at 5800
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Still trucking along inside the wedge... a breakout passed 7800 would see this wedge broken!
I feel like this might not be the bottom though and am ready for the wedge to be broken. Stop losses at $6k