We have rising wadge on the daily BTC chart!!!
Everybody is talking about the inverse head and shoulders pattern but i think that is to good to be truth.
I just saw this rising wadge with multiple touch points on the upside and downside.
And i wish i could be more bullish but we have hidden bearish divergance on the weekly and small bearish devirgace on the daily if the candel closes in red.
Even if we we close above 45k i am still going to be bearish as long we do not close the daily above 46.2k.
Sometimes we make higher high just to liquidate shorts and trap long positions before we reverse.
However in strong bull markets rising wadges do break to the upside so i am not counting out the bulls but they need to show some more buying pressure.
As of my trades i am still holding 50% of my long position from 41.9k and if we break to the downside i am exiting at break even.
What do you think about this rising wadge and can the bulls push thru 46k?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON
I just saw this rising wadge with multiple touch points on the upside and downside.
And i wish i could be more bullish but we have hidden bearish divergance on the weekly and small bearish devirgace on the daily if the candel closes in red.
Even if we we close above 45k i am still going to be bearish as long we do not close the daily above 46.2k.
Sometimes we make higher high just to liquidate shorts and trap long positions before we reverse.
However in strong bull markets rising wadges do break to the upside so i am not counting out the bulls but they need to show some more buying pressure.
As of my trades i am still holding 50% of my long position from 41.9k and if we break to the downside i am exiting at break even.
What do you think about this rising wadge and can the bulls push thru 46k?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON
MP