Sirwin
Sirwin

Bitcoin has not decided yet where to go. Let's wait.

By OnlyUp | OnlyUpTA | 26 Jan 2021


It has been a while since the last time I saw such global movements in the form of a falling wedge, if we look at the 4 hourly chart, in my opinion, it is printed. The good news is that this pattern tends to breakout upward, which fits into the global bullish scenario. The bad new is that movements inside the wedge are difficult to predict, locally figures and resistances work out so-so. However there are edges of the wedge, which clearly define the trend, a break in one direction or the other will signal the direction of the current trend. On local time frames there is no certainty about further price movement. I highlighted key levels, targets indicated in both directions of movement in the picture below.

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OnlyUp
OnlyUp

Hi! I am day trader and crypto investor. #BTC #ETH #DOT #NEAR #PHA #REVV #REN #KSM #ZEC #XMR #VET #LINK #PCX #REEF #ZIL #WAVES #HEGIC


OnlyUpTA
OnlyUpTA

TA on BTC and Altcoins

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