As we can see btc is one more time approaching (orange) and it'll try to break it again.
- Low on selling waves (check indicator), looks like there is no interest selling right now
- Thats candle spikes (like the balloon demarcated one) are definetly killing some bulls stop losses, whales are eating them and this is behaviour.
- Ascending already confirmed, touched more than 2 times.
- Small divergence, no big deal IMO
- We are closing WEEKLY resistance (check related idea)
Strategy: either wait another touch on and scalp aiming resistance or wait for a good breakout with reasonable (not huge, just above average) above resistance and aim previous resistances at 4600-4800 zone.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.