BTC broke out of this rising wedge pattern and currently testing previous support as resistance. If price fails to break above the trend line, this will be a nice short entry. Target 1 = 0.236 fib level. Target 2 = old resistance that was not tested as new support.
Note
Forgot to mention bearish divergences on both RSI and MACD.Note
Still not brokenNote
BTC got back into the wedge and broke out below again. My idea remains the same!Trade closed: stop reached
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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.