Looking for a big trade and structures have been hard to come by.
Bitcoin is in a falling wedge of sorts, with 2 top res draw points.
Drawn a few fibs for if it doesnt break previous low, fibs will be invalidated if so.
In this idea im looking for a play to the upside, ftx contagion is still around, in which case if this does break below - take a look at my previous idea on where bear markets always bottom as we will be close to that one level.
Gl and god bless
Bitcoin is in a falling wedge of sorts, with 2 top res draw points.
Drawn a few fibs for if it doesnt break previous low, fibs will be invalidated if so.
In this idea im looking for a play to the upside, ftx contagion is still around, in which case if this does break below - take a look at my previous idea on where bear markets always bottom as we will be close to that one level.
Gl and god bless
Note
1 hour and 4 hour stochs bottomed.Primed and ready to push up
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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.