We're almost there in this falling wedge structure.
The final leg will soon materialize imho, the rising longs, and decreasing shorts are signalling that, then also the three drive pattern of a falling wedge, correction C was not here yet.
Then also the 4h stoch RSI on overbought again.
High probability trade, however, there is a chance of 10-20% that BTC will suprise us with a weird move.
But still, I am expecting something like this for the coming days.
Good luck and merry profit !
The final leg will soon materialize imho, the rising longs, and decreasing shorts are signalling that, then also the three drive pattern of a falling wedge, correction C was not here yet.
Then also the 4h stoch RSI on overbought again.
High probability trade, however, there is a chance of 10-20% that BTC will suprise us with a weird move.
But still, I am expecting something like this for the coming days.
Good luck and merry profit !
Note
Ok, the B can almost not be seen hehe XD sorry !Note
It went kinda sideways through the res, but I'm skeptical that this really signals a move upwards.Looks like a fake breakout, such weak volume:
It might just go sideways for a while and then still dump to 3k.
Note
Well, that is what I said with probabilities. The surprise move came :) short trade cancelled. I am opening longs. Looks like a good upmove which could now last days to Weeks.Note
Target for this whole move in the coming Weeks: 4500-5500. Somewhere in that Region. Then the final dump wave of this Market will commence, down to 2k Plusminus a few hundred.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.