BTC tried to do a Diamond Reversal overnight but was rejected by strong bearish resistance. It now creates a Rising Wedge and looks to break the Symmetrical Triangle's support dropping further for a good Short trade. There are 3 levels below to take profit from, obviously the lower it goes, the higher risk of a bounce being possible.
Remember that the 4H is still low, however as stated before I believe that BTC will continue bearish until the 1D Stoch is bottomed out, at which we will reverse the trend and squeeze out all of the shorts that are locked in for the final push to 11K+.
Remember that the 4H is still low, however as stated before I believe that BTC will continue bearish until the 1D Stoch is bottomed out, at which we will reverse the trend and squeeze out all of the shorts that are locked in for the final push to 11K+.
Note
Wedge was counter-traded by whales. The push up created a Symmetrical Triangle. New trade idea @ : 
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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.