Shorter Term set up here, Bitcoin has printed a low volume ascending wedge all the way up to the edge of resistance, even if you are a perma bull a short here with this R/R is a solid set up...Worst case scenario you are wrong and get stopped out. The stoch RSI is also topping out at resistance and the regular RSI (not shown here) has printed bearish divs on the 4 hour and 12 hour. Can we go higher? Of course...this is just a solid short set up imo.
Good Luck
Good Luck
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Trade still valid however we are retesting breakdown from ascending triangle...on weak volume...most of the moves in this range have been on weak volume so this is not suprising...I still think we get a test of the ascending diaganol before this thing breaks out ot the upside (if indeed it does)
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