Sorry for messy chart. Horizontal lines are related to 4H bearish and bullish order blocks.
Daily Supply Zone and 4H Bearish OB give chance for short setup.
If position closes successfully, i am going to explain clearly why i entered this setup at comments section.
I hope it goes well :)
Actually i have short position from 420 which is starting point of C in my Bullish Bat Pattern. However, i took my position because of daily price action. As you can see A and C points are closing points of daily candle and it clearly says us to short it.
I will close most of my position at 380 but short position can continue till reach 356.
In a nutshell, i am...
If we consider peaks (double top) which indicated as blue curves, we are going to see red dotted line at the end because of pattern target.
However, i think that we are more likely to see bullish bat pattern even if C point does not meet necessity of BullishBat Pattern (according to rules C point should between 0.382;0.886 fibs).
In a nutshell, we can see short...
This chart represents what i expect from BTC's movement. It should see ~$8300 area which is also expected target of rising wedge. So, after that strong bounce with cloud support will carry us to ~$10800 area. If this gonna happen, alts also give mini party for us :)