Money Talk
BTC/USD byBit analysis
Submitted by vishmosnta, 22-06-2020, 01:10 AM, Thread ID: 174791
Thread Closed
22-06-2020, 01:10 AM
#1 I have been trading crypto since early 2016 and have a good chunk of volume in BTC and many alt coins. You can find my tradingview profile.
![[Image: sztPpQ1E]](https://www.tradingview.com/x/sztPpQ1E/)
We can see were trading in the (rising wedge) which will lead us to a bearish sign towards completion.
Circled out areas at 10,400 and 8850 are trap areas. Whales love to trap us small guys out all the time..
We can see that a few days of trading in the lower half of the wedge we will see some increase in price. The volatility is low and RSI is neutral.
Huge SELL walls at 9450 area. About 1200 BTC are set to be sold in this area but it can also be a fake out a whale has put there to manipulate us.
BTC should reach the 9850 area or even 10,000 area then i believe the wedge will be complete and a solid dump to 8800-8400 area will be likely.
We can see were trading in the (rising wedge) which will lead us to a bearish sign towards completion.
Circled out areas at 10,400 and 8850 are trap areas. Whales love to trap us small guys out all the time..
We can see that a few days of trading in the lower half of the wedge we will see some increase in price. The volatility is low and RSI is neutral.
Huge SELL walls at 9450 area. About 1200 BTC are set to be sold in this area but it can also be a fake out a whale has put there to manipulate us.
BTC should reach the 9850 area or even 10,000 area then i believe the wedge will be complete and a solid dump to 8800-8400 area will be likely.
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