BTC - 4h falling wedge + Bullish divergence TP $7,200
Updated
Hi TradingView community,
Short term trend on BTC. For the first time in a long period, BTC starts to shows some bullishness on the 4h chart.
Trade setup:
- Steep falling wedge
- Oversold RSI
- Bullish RSI on Stoch RSI
/!\ Target top of the wedge at $7,200
/!\ Stop Low below 2d support at $6,300
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Short term trend on BTC. For the first time in a long period, BTC starts to shows some bullishness on the 4h chart.
Trade setup:
- Steep falling wedge
- Oversold RSI
- Bullish RSI on Stoch RSI
/!\ Target top of the wedge at $7,200
/!\ Stop Low below 2d support at $6,300
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Note
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Getting clearer on the 2h TimeFrameTrade closed manually
Played out well until $6,900 mark. I hope you took profit and went short as advised in the newer BTC update.
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