Can we get a retest of this Rising Wadge on BTC?
As i told you at 44k we had hidden bearish divergence on the weekly and bearish divergence on the daily, point of control, daily resistance level and golden pocket. On the top of that we had this bearish pattern called rising wadge that we broke to the downside so it was clear to me that we are going down.
At the moment we are at the support levels where i am taking advantage of the ranging market because of the low volume on the weekends.
However i am expecting a bounce from this point at beginning of the week and retest of the breakout point betwen 42 and 42.8k where we can get our short position filled.
On the weekly i am still bullish and i am expecting a bounce from the ascending channel on the weekly and continuation of the bullrun 2.0.
If we break the channel and close weekly below it we can expect bear market and lower twenties.
What do you think about this rising wadge retest and can we reach the target?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
At the moment we are at the support levels where i am taking advantage of the ranging market because of the low volume on the weekends.
However i am expecting a bounce from this point at beginning of the week and retest of the breakout point betwen 42 and 42.8k where we can get our short position filled.
On the weekly i am still bullish and i am expecting a bounce from the ascending channel on the weekly and continuation of the bullrun 2.0.
If we break the channel and close weekly below it we can expect bear market and lower twenties.
What do you think about this rising wadge retest and can we reach the target?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
MP
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.