BTC/USD : Rising Wedge identified on 4-hour timeframe
Rising wedge identified on 4 hour time frame. Bearish divergences on different timeframes seen. I will be looking for a sweet short from here, technical target for rising wedge is $24,688. However in my opinion we will test the $20-22k area before further upside. BTC had a crazy run last few days, a good correction is due indeed. Not a financial advice. BTC wrecking TAs recently. Manage the risk accordingly !
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.