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.
Note
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.
Note
Still waiting :/12pm - 1pm PST will see some movement. If not, then 5pm PST should show some signs of life.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.