Long

Is bitcoin ready to close the week with a final push?

Updated

Since the start of this last week bitcoin as tested many times the 4K level. I see it as a last final 5 waves structure to complete this potentially rising wedge on the higher time trames.

Note

I think we are completing an inverse head and shoulders pattern.

Note

That idea is no longer valid ;)

Order cancelled

Stochastic RSI on the weekly turned bearish with a downcross. Target: $3600

Trade active

I re-opened my long. I made a mistake. I think we are experiencing bullish divergence on the higher timeframes.

Trade closed: target reached

We reached $4103 now it's time to short!!

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.