Reversal Area on BTC
My short has been closed and I am now looking for the most opportune time to enter a BTC position.
1st - I had market bought in to make sure I have skin in the game incase whales push.
2nd - I have 2 positions I am looking to fill & accumulate at which are shown in the chart.
I will be trading a large Falling Wedge pattern. The bottom support has only hit 2 times so it should technically hit a 3rd time before breaking out. However, in anticipation of whale manipulation, I will be accumulating my position at different spots.
We are seeing Bullish Divergences on the higher timeframes but STRONG bearish divergences on the lower timeframes. The goal isn't to buy the absolute bottom, but to create a safe, good position that will bring in profitable returns for when the reversal comes into play within the next day or two.
If you'd like further discussion on my analysis, feel free to come join us in Discord via my Website link shown below on my signature.
Cheers!
-Wolfie
1st - I had market bought in to make sure I have skin in the game incase whales push.
2nd - I have 2 positions I am looking to fill & accumulate at which are shown in the chart.
I will be trading a large Falling Wedge pattern. The bottom support has only hit 2 times so it should technically hit a 3rd time before breaking out. However, in anticipation of whale manipulation, I will be accumulating my position at different spots.
We are seeing Bullish Divergences on the higher timeframes but STRONG bearish divergences on the lower timeframes. The goal isn't to buy the absolute bottom, but to create a safe, good position that will bring in profitable returns for when the reversal comes into play within the next day or two.
If you'd like further discussion on my analysis, feel free to come join us in Discord via my Website link shown below on my signature.
Cheers!
-Wolfie
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.