BTC Update


Hello Crypto Friends!

Here is what i am looking at right now-

351665157-b5e4e41afd979c3524f7566082c444bb4078a976c94fe7a9817a767a814a874f.png

The daily has been rejected off that 21 EMA yet again. The Distribution wave is still decreasing.

351665157-3bf9fa5c81a32242d45227f7cb66d8b6b81c73f10f790bc7c58ee1ecb8201310.png

The 6 hr shows a nice symmetrical triangle which i am assuming will break to downside.

351665157-dccad5123b89ceb23f4de7b819ae22dcadbfa2fa9a9babe29bef725ca37ddb8f.png

It appears to be a Head and Shoulder, with the target being around $4500.

351665157-dca8546b063fd754ca31b66c8a929eea3309cb092238b7407d7a24343d1d8882.png

A Rising wedge on the 1 hr chart, which is now breaking down.

 

Happy Trading!

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