Hi TradingView community,
Short term trend on BTC. For the first time in a long period, BTC starts to shows some bullishness on the 4h chart.
Trade setup:
- Steep falling wedge
- Oversold RSI
- Bullish RSI on Stoch RSI
/!\ Target top of the wedge at $7,200
/!\ Stop Low below 2d support at $6,300
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Short term trend on BTC. For the first time in a long period, BTC starts to shows some bullishness on the 4h chart.
Trade setup:
- Steep falling wedge
- Oversold RSI
- Bullish RSI on Stoch RSI
/!\ Target top of the wedge at $7,200
/!\ Stop Low below 2d support at $6,300
This forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Note
If you like this analysis, please give it a like. It's a nice motivation to share charting everyday with the TV community :)Note
Getting clearer on the 2h TimeFrameTrade closed manually
Played out well until $6,900 mark. I hope you took profit and went short as advised in the newer BTC update.
Related publications
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.
Related publications
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.