Just saw a few angles and trends creating a rising wedge/triangle (depending on which charts) in the 4hr chart
im still bearish till we come down to test near lower 6k$ again
expecting to break down out of the formation
if it holds we could see a reversal rally to over 7k, needs to be closing over 7300$ and up into the gann fan area for my bull hat to be pointing forward tho
have a great weekend and watch out for big bitcoin moves after the weekday markets close
peace up
im still bearish till we come down to test near lower 6k$ again
expecting to break down out of the formation
if it holds we could see a reversal rally to over 7k, needs to be closing over 7300$ and up into the gann fan area for my bull hat to be pointing forward tho
have a great weekend and watch out for big bitcoin moves after the weekday markets close
peace up
Trade active
pre market close dumpstill within the triangles/wedges
have a great weekend and if u got orders, use a SL plz
Trade active
about to break down or continue up in the wedge
Trade active
broke down as expected but had a lil rally, weak volume due to the weekend (and maybe football lol)Trade active
some price action on bitcoin pushed out of the triangle but with bullish action
gotta stay over the 0.786 fib here for more gains, breaks below 6360 then we could be back in with the bears
Note
expecting to maybe hit the gann fan line and rebound again and if not breaking this we will see a small dump to 6300 area before the weekday markets open
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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.