G'day Ladles and gentlespoons,
As you can see today we are still moving towards the end of the wedge on the hourly with major resistance from the ema 100 which hovers above every move btc makes, we have falling volume which is indicative of the pattern as the bears take control as the wedge structure fully forms. On the daily we are breaking out of the pennant and I have makred in red the wedge also.
As usual watch for confirmation, especially in such an easily manipulated market, you don't want to end up looking like a flaming Galah .
Good Luck and Happy Hunting
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
As you can see today we are still moving towards the end of the wedge on the hourly with major resistance from the ema 100 which hovers above every move btc makes, we have falling volume which is indicative of the pattern as the bears take control as the wedge structure fully forms. On the daily we are breaking out of the pennant and I have makred in red the wedge also.
As usual watch for confirmation, especially in such an easily manipulated market, you don't want to end up looking like a flaming Galah .
Good Luck and Happy Hunting
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
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Another Homerun cobbers, please share the love and spread the knowledge.
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The fall continues, will it fins support before previous 6k lows is the question but I did call 6k all those posts ago.
