OlegMarchenko

BTC Binaryx trapped in a wedge

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Today we will look at the 4h chart. BTC will soon be wedged between the hourly descending SMA and the 4h ascending SMA.
The correction of the last few days has been for medium SMA. Now you can take a short-term long with an exit of about 50,000. Stops should be around 43,000
We will be able to talk about the resumption of growth only after breaking down the directed red line. For those who want to trade, we focus, as usual, on 5 Elliott waves.

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