Bitcoin in a falling wedge within a descending channel
Updated
Falling wedge + Bullish divergence on 2hr tf
Bullish divergence on 1 + 2 hr tf played out well. Bullish divergence on 4 hr tf too now. Even more bullish IF it breaks the falling wedge
Keep an eye on the resistance of the falling wedge and the volume. It might retest and make another push the upside. Let's see If it's gonna hold.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
Bullish divergence on 1 + 2 hr tf played out well. Bullish divergence on 4 hr tf too now. Even more bullish IF it breaks the falling wedge
Keep an eye on the resistance of the falling wedge and the volume. It might retest and make another push the upside. Let's see If it's gonna hold.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
Note
This might be the falling wedge we are looking at. The volume is still declining.
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.