Short it!
Be careful here....
Within weeks, we will likely have seen this relief rally exhausted and the bear market will likely return. Be ready!
Downward momentum is strong....
There may be more upside, but it is likely limited
Watch the Hidden Bearish Divergence, as well as the testing of the MA's
Only buy a confirmed breakout!
Bullish Divergence in Previous Chart Playing out now....
Possible Bearish Scenario, but a little tricky with a potential bullish divergence on the horizon
Wait for a weekly confirmation on the close
BTC Break to the Downside
Short Entry
Buy Downside Breakout of Rising Wedge
Trendline
BTCUSD 4 HR
This chart shows the general trend and strategically placed stops on the BTC/USD 4 hour chart.
