Bearish divergence on 1h
Overbought Stoch on 4h
Lower High Currently
Open Short on next Touch of Trendline
BTC is very likely to come down
Entry 21300
SL 21700
TP1 20000
TP2 18500
If neckline lost we will see a retest of the recent low, possibly retracing to the 0.786.
I think die to overbought stochs 1h and 4h, there’s more room to the downside than the upside.
Entry: On Falling Wedge Support Trend Line
SL: Under recent low 3.03
TP: In targeted area between 1.414 and 1.618
Only trade this if Bitcoin stays above 20k
If price falls under recent low 29300 we likely to go down.
Classic 5 3 5
But otherwise this scenario is still valid due to highly oversold stochs
Do what the opposite think will happen