BTC is showing some high 'Overbought' indicators on the higher time-frames, however is oversold on the smaller ones (15M). We're also seeing a Rising Wedge pattern at play. My entry into a short position will be the 'Double-top' of the previous high with a stop above the resistance of the Rising Wedge incase it breaks up to a running wedge. However, I think we'll be retracing soon. Target is 0.5 Fib Retracement that also falls on a local level support.
Riding the waves...
-Wolfie
Riding the waves...
-Wolfie
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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.