Bitcoin DAILY Outlook - Fall Out of Rising Wedge or Not??
***This is what I've been watching on the DAILY - For Bitcoin... ***
@everyone
- 15 Hours are left in this daily candle...
- If we maintain upward momentum in the next 6hr-to-8hr candle
- ...and if we manage to bounce and hold above the green box...
- The next goal will be to cut up through the 2 red boxes above.
- If the Daily can't stay within this Rising Wedge over the next Day or 3...
- ...Long holders will be in for max pain.
- So let's hope for 6hr and 8hr candles to bring some decent pump action
- Although there are good signs on the 6 and 8hr, the Daily still looks a little bearish
on the momentum front...
- The Green Money Flow Indicator on MCB is looking okay though...
- So I would say on the longer term BTC is still at a bit of a big decision point...
Be Safe Out there!!
CryptDude
@everyone
- 15 Hours are left in this daily candle...
- If we maintain upward momentum in the next 6hr-to-8hr candle
- ...and if we manage to bounce and hold above the green box...
- The next goal will be to cut up through the 2 red boxes above.
- If the Daily can't stay within this Rising Wedge over the next Day or 3...
- ...Long holders will be in for max pain.
- So let's hope for 6hr and 8hr candles to bring some decent pump action
- Although there are good signs on the 6 and 8hr, the Daily still looks a little bearish
on the momentum front...
- The Green Money Flow Indicator on MCB is looking okay though...
- So I would say on the longer term BTC is still at a bit of a big decision point...
Be Safe Out there!!
CryptDude