Long
$BTC 4H (locally)
BTC 4H (locally) Overnight again drained "out of nowhere", as it has become a tradition of the last month.
An ascending wedge is forming on 4H - a shorting pattern, confirmed by a breakdown of the lower boundary. However, this has been done many times before, and there was a deception: the market makes a shorting moove and sharply turns around.
They can repeat the same scenario or just knock out stops and fly upwards. Obvious figure = obvious stops, and above is a cluster of shorts.
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Disclaimer
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.