COINBASE:BTCUSD   Bitcoin / U.S. Dollar
1525 5
Bitcoin is currently in a rising wedge . Looking to close longs/short between 12500-13000 followed by another elliot wave cycle down to about 8.8-9.2k. A break above 13k could signal a break of the overall bearish trend and should be accompanied by an increase in volume for confirmation before buying.
Trade active

MACD crossing on the H1. First target 10,600, will likely dump lower

Bullish divergence forming here. May need to wait for more volume before the downtrend can continue
Trade closed manually:

Looks like we may have another leg up in the wedge. Divergence forming on lower timeframes
I had the same idea! Good one.
+1 Reply
Thanks for Help
+1 Reply

Should be on the last leg up before the dump

Bearish divergence on the 15 minute chart. High probability that this break downwards

Expecting a dump at 12,900 just in time for Korea waking up to short. Possible dump at 12,200 but more likely to form a bull trap
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