Falling Wedge BTC 1hr
Falling Wedge BTC 1hr.
I closed my long from $8050 earlier after we rejected multiple times at $8318.
I plan on opening another in the same zone and will place a stop around $7850.
Falling wedge is a bullish pattern, I still expect us to test $8600-$8800.
MACD is still bearish though a crossover looks to be possibly in the works.
RSI is still high on some of the timeframes.
I also plan on making my trade of the 15 min chart when it dips below 30 on the RSI mark.
Historically, it's been a good reference for me.
I closed my long from $8050 earlier after we rejected multiple times at $8318.
I plan on opening another in the same zone and will place a stop around $7850.
Falling wedge is a bullish pattern, I still expect us to test $8600-$8800.
MACD is still bearish though a crossover looks to be possibly in the works.
RSI is still high on some of the timeframes.
I also plan on making my trade of the 15 min chart when it dips below 30 on the RSI mark.
Historically, it's been a good reference for me.
Nota
Looks like the "falling wedge" is being invalidated as BTC has reached an equilibrium.
The 15m shows a tightening range. I'm expecting a push to the upside within the next few hours.
Nota
Still waiting :/12pm - 1pm PST will see some movement. If not, then 5pm PST should show some signs of life.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.