BitcoinShort
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.
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.
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.