BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Rising wedge forming on the 4H chart. possible drop .
Comment: Zoomed in view.
Trade going as planned so far.
Comment: Price breaking out of the trendline support.
Also bearish MACD crossover
Comment:
We had a 5th impuls wave up. So I added to my short position to maximize profit and manage my risk. Moved stoploss slightly higher. We can see now that we have also formed bearish divergence on the RSI. If we break above 6800 this count and trade is invalidated.

Comments

Agreed with your recent analysis and your trade is correct. Targeting at around 6260 and 6120 seems sensible.
+1 Reply
agree ...
+1 Reply
Gustavo1111 Gustavo1111
+2 Reply
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