BitcoinLong
Potential wave 3 with very good Ratio Reward on BTC
Updated
BULLISH
- Potential end of Wave 2, we are on the end of correction, bears show weakness
- Bullish divergence on RSI
- MFI extremely oversold
- Rising wedge
- Perfect stop loss hunt area
- Best spot for swing with good RR (between golden ration 0.618 and 0.854)
- If next H4 candle is bullish, good price action (Bullish abandoned baby pattern)
BEARISH
- On Balance Volume show a slight bearish divergence
- $3215 is one of the last support, below this point comes the invalidation of the scenario
- Potential end of Wave 2, we are on the end of correction, bears show weakness
- Bullish divergence on RSI
- MFI extremely oversold
- Rising wedge
- Perfect stop loss hunt area
- Best spot for swing with good RR (between golden ration 0.618 and 0.854)
- If next H4 candle is bullish, good price action (Bullish abandoned baby pattern)
BEARISH
- On Balance Volume show a slight bearish divergence
- $3215 is one of the last support, below this point comes the invalidation of the scenario
Trade active
Short term bearish flag, no volume reaction, we probably go a little bit deeper before bounce.Note
Inverted head and shoulders on H1 + OBV bullish divergence$3500 could be the reversal area
Trade active
Sorry potential inverted head ans shoulders!Trade active
Inverted head and shoulders completed on small time frames.Trade active
Trade active
$4500 area is first key level for new uptrendTrade closed: target reached
+50%
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