jlarlee2425

jlarlee2425 Updated 

Here we can see that we are making our way down a well establish and clearly defined Falling Wedge Formation on BTC. We also have a Square Up opportunity at $7,570 (Coinbase Chart) which would also coincide with the squeeze of the Falling Wedge pattern shown here. By then we would most likely be oversold on our 4H (240m) RSI and unless the MACD Histogram starts...

jlarlee2425

Here we can see a 4H Double Top with rejection wicks on both swing highs. If we consider a perfect double top at equal price height then that would mean we would have Bearish MACD Divergence and the 4H RSI was way overbought and is now starting to turn to the downside.