Bitcoin in a falling wedge within a descending channel
Updated
Falling wedge + Bullish divergence on 2hr tf
Bullish divergence on 1 + 2 hr tf played out well. Bullish divergence on 4 hr tf too now. Even more bullish IF it breaks the falling wedge
Keep an eye on the resistance of the falling wedge and the volume. It might retest and make another push the upside. Let's see If it's gonna hold.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
Bullish divergence on 1 + 2 hr tf played out well. Bullish divergence on 4 hr tf too now. Even more bullish IF it breaks the falling wedge
Keep an eye on the resistance of the falling wedge and the volume. It might retest and make another push the upside. Let's see If it's gonna hold.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
Comment
This might be the falling wedge we are looking at. The volume is still declining.
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