BTCUPDATE – 9.5.21

BTCUPDATE – 9.5.21

Bitcoin / TetherUS BINANCE:BTCUSDT


#BTCUPDATE – 9.5.21

BTC is trying desperately to breakout of the $59k but in doing so has been forming a pretty distinct rising wedge . This is a pretty bearish pattern – being Sunday this could see a pretty steep drop. This along with a Bearish divergence is looking more negative than positive for the next move for BTC . If you don’t like risk then probably hold off trading today – especially being Sunday.

We want to get above $59k on this next push/bounce if not then there will HIGHLY likely be a very bearish move down.

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