Short

Prepare your short!

Updated

Finally btc made some moves and printed a rising wedge, it's overbought on stoch and we have a TD8 on H4. We have a good RR for a short.

Note

snapshot

We do not like this short. No volume, bullish price action at the confluence of -0.236, 1 to 1 extension of previous impulse and support line (wolfe wave target line). Bullish divergence on stoch and macd.

Note

snapshot

We can argue that a long at 6300 isn't a bad idea.

Note

And it wasn't a bad idea at all.

Also on:

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.