BTC (4H): Rising Wedge and Bearish Divergences
BTC 4H
· Rising wedge formation
· Bearish divergences on RSI and MACD 4C
A throwback to 8350 would confirm the previous weekly resistance as a support
If the wedge is broken and the 8350 range doesn't hold, we might see a nice correction where some long orders will be waiting there.
Remember to always wait for a breakout in either direction to take action, price action is what really matters.
· Rising wedge formation
· Bearish divergences on RSI and MACD 4C
A throwback to 8350 would confirm the previous weekly resistance as a support
If the wedge is broken and the 8350 range doesn't hold, we might see a nice correction where some long orders will be waiting there.
Remember to always wait for a breakout in either direction to take action, price action is what really matters.
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