Perfect Bitcoin descending channel on 4 hourly time frame.
As i said in my previous posts we are in Ascending channel on the weekly, on the daily we broke out from our rising wadge to the downside (is going to be confirmed if close below 43.1k)
and descending channel on 4 hourly.
Yesterday i posted about the rising wadge on the daily and i was bearish, because on the weekly we have formed hidden bearish diverganece and on the daily berish devirgance.
Everybody was bullish because of the inverse Head and shoulders and that was a perfect counter trade.
Now is everybody going to be bearish because of the M pettarn breakout and call for 37k so we can counter trade them again around 40.5k or bottom of the channel and ride it to the upside till we retest rising wadge on the daily.
What do you think about this descending channel and can we get a bounce?
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
and descending channel on 4 hourly.
Yesterday i posted about the rising wadge on the daily and i was bearish, because on the weekly we have formed hidden bearish diverganece and on the daily berish devirgance.
Everybody was bullish because of the inverse Head and shoulders and that was a perfect counter trade.
Now is everybody going to be bearish because of the M pettarn breakout and call for 37k so we can counter trade them again around 40.5k or bottom of the channel and ride it to the upside till we retest rising wadge on the daily.
What do you think about this descending channel and can we get a bounce?
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