This indicates slowing movement and it usually precedes a reversal to the downside, meaning Traders should be aware of the price will down.
My strategy.
I wait for a breakout of a rising wedge pattern. If breaking down I will sell for taking profit and short BTC but if breaking up meaning the rising wedge pattern fails we can follow buy again.
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There is also a...
I think BTC is a high risk.
Now, Stochastic RSI and RSI reached the overbought zone
And It has a bearish divergence signal.
The best way.
I think .. We should take profit and Come out to see the situation. If breaking high we can follow buy again.
We just 4% loss of profit which will better than a loss more if I'm right.
P.S.
I hope it will Sideway. If BTC...
GXSBTX is a lower low and higher high. And RSI has a divergent signal.
I buy GXSBTX at 0.00001000 - 0.00001140. In my opinion, I think it breakout at 0.00001603 very easy and I hope GXSBTX goes to 61.8% of Fibonacci or price 0.00004450 (4X).
Target 1 : 0.00001603
Target 2 : 0.00002100
Target 3 : 0.00004450
Target 4 : 0.00005480
And crazy target at 0.00012207 or...
EOSBTC is a lower low and higher high. And RSI has a divergence signal.
I buy EOSBTC around 0.00000700 - 0.00000969 and buy a big lot when breakout at 0.00000969
Target 1 : 0.00001148
Target 2 : 0.00001430
Target 3 : 0.00001891
Target 4 : 0.00002636
Stop Loss: 0.00000684 on day Closed
I think all target will complete when BTC Sideways
As always, I will change...
EOSUSDT BINANCE:EOSUSDT has bearish divergence. It's a good idea to short.
Target 1: 4.1527
Target 2: 4.0295
Target 3: 3.633
Stop Loss when breakout high or sideway around 23.6% of Fibonacci
Use leverage as far as you can lose.
This is not advice. It just my strategy.
Please carefully before investing
Good luck.
