Bitcoin is going to do a little shakeout

It's taking too long for bitcoin to continue uptrend after such a strong bullish bounce.
Sentiment is bullish

Transaction en cours:

After seeing a bull div on RSI/MACD @ 6hr chart and a couple of stop being ran I no longer think we will go that low anymore. Trade active now at 7850.

Commentaire:

*8750

Commentaire:

Closed the formed position with a small loss. Averaged in @ 8.300
Still confident that this is going to play out. Sentiment is bearish just as expected.
Sell pressure is on declining volume

Trade fermée: ordre d’arrêt atteint:

The top line of this falling wedge did not act as a support. Market structure is looking bearish on HTF now that we made a lower low. Last chance for bulls is holding the lower support (dashed trend line)