Using Ichimoku cloud indicator and stoch-RSI on the 4hr scale, we can see that there are two possible scenarios, a 1) rising wedge and 2) an ascending triangle. For scenario 1) we will see minor correction to the mid-10K range, while scenario 2) can go either way.
The TK lines indicate an overbought price, which pushes us closer towards a correction. stoch-RSI, reinforces this condition as we see a crossover.
At this point in time, I would hold off on entering until we have confirmation. Best case is that we do correct and bounce off the baseline, which would be a great time to buyin.
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The TK lines indicate an overbought price, which pushes us closer towards a correction. stoch-RSI, reinforces this condition as we see a crossover.
At this point in time, I would hold off on entering until we have confirmation. Best case is that we do correct and bounce off the baseline, which would be a great time to buyin.
Feel free to donate
BTC: 13S4SDawAz94BnJJjrLKxnLW9kR4HrNEdG
Trade active:
We broke the wedge as expected.
Where to now? Well if we break the next support, Tenkan, we will fall to the Kijun. If we do not bounce off the Kijun, and enter the cloud, I will close the trade until a better/clear entry comes up.
Feel free to donate
BTC: 13S4SDawAz94BnJJjrLKxnLW9kR4HrNEdG
Where to now? Well if we break the next support, Tenkan, we will fall to the Kijun. If we do not bounce off the Kijun, and enter the cloud, I will close the trade until a better/clear entry comes up.
Feel free to donate
BTC: 13S4SDawAz94BnJJjrLKxnLW9kR4HrNEdG