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BTC 4HR Rising Wedge
I drew this yesterday on the 4HR because I wasn't too sure if we'd bounce. Sure enough, BTC bounce'd back up and is meeting resistance just above 7.5k.
It's forming a nice little channel here with decreasing volume (No real follow through).
I missed this rally myself, I'm still waiting for a retest of $7-6.8k, and won't rush back in.
Historically, there's no real support in this area as well which is another reason for my cautiousness.
I'd give this a few days to play out and see what happens, but if you enter, set tight stops and alerts.
Personally, I'll continue to take a break from the trading for the week and jump back in this weekend.
It's forming a nice little channel here with decreasing volume (No real follow through).
I missed this rally myself, I'm still waiting for a retest of $7-6.8k, and won't rush back in.
Historically, there's no real support in this area as well which is another reason for my cautiousness.
I'd give this a few days to play out and see what happens, but if you enter, set tight stops and alerts.
Personally, I'll continue to take a break from the trading for the week and jump back in this weekend.
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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.