BTC is forming a falling wedge on the daily timeframe.
Comment:
If we zoom in on the daily timeframe we can see another, smaller falling wedge that would bring us to resistance trend of the (daily) falling wedge
Comment:
On the hourly timeframe we have a broadening descending wedge
which would bring us to the resistance trend of the (smaller) falling wedge
If the broadening descending wedge plays out it is very likely we will break resistance of the (smaller) falling wedge.
which would bring us to the resistance trend of the (smaller) falling wedge
If the broadening descending wedge plays out it is very likely we will break resistance of the (smaller) falling wedge.
Comment:
We are still in the broadening descending wedge
We have a bullish divergence which could lead us to resistance trend of the broadening descending wedge and likely followed by a breakout
We have a bullish divergence which could lead us to resistance trend of the broadening descending wedge and likely followed by a breakout
Comment:
Comment:
We have a breakout
Comment:
We have closed above the resistance trend of the smaller falling wedge and it's now in play
On the hourly tf we are forming a broadening descending wedge again
On the hourly tf we are forming a broadening descending wedge again
Comment:
We might be forming an inverse Head & Shoulders that could lead us to our $7750 target
We might be forming an inverse Head & Shoulders that could lead us to our $7750 target
Trade active:
We broke out of the falling wedge on the daily
Comment:
BTC on the hourly
Comment:
Comment:
I posted a new-updated version of the daily chart
