[BTC] Interesting situation we have here
Looking at the 4H TF wee see a nice bullish divergence with declining volume. At the same time falling wedge is forming. All bullish indicators BUT we haven't touched the support area below. We have two scenarios:
- temporary break up from the falling wedge, rejection and test support below
- break down from the wedge, test support and up we go
Going straght up from here doesn't seem that realistic, but hey, we've seen stranger things in crypto.
- temporary break up from the falling wedge, rejection and test support below
- break down from the wedge, test support and up we go
Going straght up from here doesn't seem that realistic, but hey, we've seen stranger things in crypto.
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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.