Badrosha

Bullish divergent locked part 2

Long
Badrosha Updated   
BITFINEX:BTCUSD   Bitcoin
Divergent is here inside a big falling wedge, this could be a second step of a bullish setup to higher levels and a breakout from the down trend so the wedge, i would raise my long at the right shoulder bottom if it performed or the break from the neck line directly and see how the volume going to behave, accordingly i will decide either i take my profit at the nearest resistance at 7700 area or the yellow line of the falling wedge or will hold this position for further levels "which i believe i will", don't forget that we might be doing the same pattern we have " narrowed by the red arrows " so watch closely we need a change in this one in order to build more bullish scenarios.
Comment:
first target and must see whats going to do in this area of heavy resistance
watch for a wedge breakout
Comment:
what im expecting is that the next 3-4 days are going to be bullish and will kill some resistance, as you can see that air gab in the cloud is likely to pull the price to it in a bullish market and this can go vice versa in case of a bull market so be aware of the days 4th and 5th of April, too much lines are drawn but its just my studying chart ;)

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.