Updated Bitcoin is a bearish rising wedge, please note that!!!
Updated
Saturday morning, Bitcoin is in the bearish rising wedge, this is very interesting for something that I want to share you, now, yesterday I make a technical analysis but a candlestick that I mark in circle was manipulation of the price, I assume that I make an error of the put a Sl, because I would have to put a Sl for above of $9,650 USD, but I invest in DEMO 0.03 BTC with a possible target around of $9,000 USD that I mentioned in my previously technican analysisi, So, this is in H4 timeframe
We are to pass in H1 timeframe what we see it!!!
Now, IN h1 there are many factor what I want to mentioned here. Now, ther RSI is below of 50 parameters of this index. Now, the price action show us that Bitcoin doesn't have force to continue bulish, for the moment in H4 we have a possible support and strongest because Bitcoin could make a double bottom in the zone of $9,200 USD, this is an scenario possible to hoping.
Now, remember the prespective is downtrend for the moment and bearish scenario, that I conclude what I hope that Bitcoin going again to retest the same zone at $9,562 USD to open a new limit order buy!!!
Now,
We are to pass in H1 timeframe what we see it!!!
Now, IN h1 there are many factor what I want to mentioned here. Now, ther RSI is below of 50 parameters of this index. Now, the price action show us that Bitcoin doesn't have force to continue bulish, for the moment in H4 we have a possible support and strongest because Bitcoin could make a double bottom in the zone of $9,200 USD, this is an scenario possible to hoping.
Now, remember the prespective is downtrend for the moment and bearish scenario, that I conclude what I hope that Bitcoin going again to retest the same zone at $9,562 USD to open a new limit order buy!!!
Now,
Trade closed: stop reached
Now, I assume my error that don't see a bearish divergence, so, this is practice and taking patience, because Im starting in a DEMO and fix my error and writing in my book to fix and fix, remember trading doen't it's to earn money quickly, trading need a lot practice and break the spine to earn in the trading and become a winner
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.