BTC Broadening Descending Wedge 4H

7월 12일

BTC moving inside a broadening descending wedge on the 4H chart.

This shape has a bullish outcome more often than not.

Price action has touched major support twice.

BTC Price is back above the 50 SMA which is a good sign.

Keep an eye on this structure.

NFA

Do your own DD

7월 14일

노트

trend structure is breaking

7월 14일

노트

Next target if price can hold above the descending resistance

7월 14일

노트

7월 15일

노트

4H has overcome to 200sma

7월 15일

노트

Daily meeting the 50sma and approaching level 60 RSI

7월 15일

노트

wick fills gap between 50/100 sma daily

7월 15일

노트

7월 16일

노트

If Pa holds above daily 50 sma long enough for this 4H cross to occur, there could be more fireworks

7월 16일

노트

price rebounded after 4H 50/100 cross

7월 17일

노트

This is where this trend comes to a macro trend juncture and will be the final update for this idea. The 3.618 and the descending resistance are are between 67,200 and 66,000. If the PA meets that zone, this is the chart I will be moving to next.

7월 19일

노트

Next Idea to come will be from the daily based on what happens at this juncture.

7월 24일

노트

In reference too January 16th update above.



Idea Closed.