It's taking too long for bitcoin to continue uptrend after such a strong bullish bounce.
Sentiment is bullish
Sentiment is bullish
Trade active:
After seeing a bull div on RSI/MACD @ 6hr chart and a couple of stop being ran I no longer think we will go that low anymore. Trade active now at 7850.
Comment:
*8750
Comment:
Closed the formed position with a small loss. Averaged in @ 8.300
Still confident that this is going to play out. Sentiment is bearish just as expected.
Sell pressure is on declining volume
Still confident that this is going to play out. Sentiment is bearish just as expected.
Sell pressure is on declining volume
Trade closed: stop reached:
The top line of this falling wedge did not act as a support. Market structure is looking bearish on HTF now that we made a lower low. Last chance for bulls is holding the lower support (dashed trend line)