BitcoinShort
BTCUSD Short Idea - Multiple Time Frame Analysis
On the daily you can see a Rising wedge continuation in this retracement swing. Break it down to 4hr and check out the H&S pattern within the rising wedge pattern. This combination of patterns tends to happen quite often but when marked up correctly they can bring you some big profits. Anyways, it seems price has broken from the patterns already and is ready to make its move, there's only one thing that's concerning me and that's the regular bullish divergence marked in green on the RSI. This could potentially be a big move so be patient with your entry.
ALWAYS USE PROPER RISK MANAGEMENT THIS CHART IS VERY VOLATILE AND WILL CRUSH YOUR HOPES AND DREAMS
PLEASE GIVE A LIKE AND FOLLOW FOR MORE IDEAS USING BASIC PRICE ACTION METHODS! DM ME IF YOU WOULD LIKE TO TAKE YOUR EDUCATION TO THE NEXT LEVEL WITH MY KEEP IT SIMPLE METHOD.
ALWAYS USE PROPER RISK MANAGEMENT THIS CHART IS VERY VOLATILE AND WILL CRUSH YOUR HOPES AND DREAMS
PLEASE GIVE A LIKE AND FOLLOW FOR MORE IDEAS USING BASIC PRICE ACTION METHODS! DM ME IF YOU WOULD LIKE TO TAKE YOUR EDUCATION TO THE NEXT LEVEL WITH MY KEEP IT SIMPLE METHOD.
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