i think we will break this rising broadening wedge to the downside, followed by breaking the flag to the downside in the coming days.. so I opened a short at 22.3 and will be watching closely.
Note
a 4hr did close above the flag and wedge, but only would close my short if it retests the top of the flag and holds.. the retest failed to hold and bears closed us back below and it's not looking too good for the price of BTCNote
here it comes.. if after this wedge breaks to the downside I think the chances are extremely high that this flag will break to the downside too rather quicklyNote
just waiting for a lower low after breaking out of this rising broadening wedge (blue) to confirm 100% the breakout and that we continue downwards. its looking promising Note
there it goes.. i feel its like an 80% chance this flag breaks to the downside now
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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.