Bitcoin is testing the higher time frame supply zone shaded in light blue. Price tends to touch these areas and fall away sharply and should keep a temporary lid on further buying interest for now.
The rising wedge pattern is completing near this area as well. This is a bearish pattern . However, there is always the risk it can pop out the top first before a drop. I'm still expecting price to drop and test the 38.2% Fib retracement as per my rules for trading a rising wedge pattern that coincides with the RSI bearish divergence.
Furthermore, we can also see a head and shoulders pattern forming too.
On the flip side, should price move higher it will likely explode straight through the supply zone .
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
The rising wedge pattern is completing near this area as well. This is a bearish pattern . However, there is always the risk it can pop out the top first before a drop. I'm still expecting price to drop and test the 38.2% Fib retracement as per my rules for trading a rising wedge pattern that coincides with the RSI bearish divergence.
Furthermore, we can also see a head and shoulders pattern forming too.
On the flip side, should price move higher it will likely explode straight through the supply zone .
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
노트
Price has returned to the origin of the breakout. Added a small position.노트
Rising wedge on smaller timeframe. RSI has broken trendline to downside. Price is trying to grind higher. Waiting for the exhaustive sell off.거래청산: 타겟 닿음
Both profit targets reached!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.