Finally btc made some moves and printed a rising wedge, it's overbought on stoch and we have a TD8 on H4. We have a good RR for a short.
Note
We do not like this short. No volume, bullish price action at the confluence of -0.236, 1 to 1 extension of previous impulse and support line (wolfe wave target line). Bullish divergence on stoch and macd.
Note
We can argue that a long at 6300 isn't a bad idea.
Note
And it wasn't a bad idea at all.
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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.