Bitcoin BTC formed an ascending broadening wedge (bearish)
Bitcoin formed an ascending broadening wedge ( bearish reversal pattern). I've noticed the bearish divergence on the 4hour timeframe but also a bullish divergence right after. The bullish divergence could indicate that BTC could make the last push to 11100-11200-11250 levels to test. I'm curious if $BTC could manage to make a Higher Low. If not this could change the trend (short-term) which is healthy. Testing previous resistances as support and to create stronger support.
Breaking 10850 will make me more confident in a short position. Have to keep in mind we have a gap below at 9645 too.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (NFA).
Breaking 10850 will make me more confident in a short position. Have to keep in mind we have a gap below at 9645 too.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (NFA).
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