BTC- Falling Wedge on the 4h chart
Spotted a possible Falling Wedge on the 4hr chart. As you can see, range is tightening. RSI shows bullish divergence, Stochastic is oversold, and OBV also backs up this narrative.
Selling pressure has been losing strength, even though the bears seem so sure of their 7.2 and 6k predictions.
Entry: 8344-8177
1st obj: 8686
2nd obj: 8851
3rd obj: 9176
Stop loss: 8060
PD: Educational only, fellas! Have fun trading.
Selling pressure has been losing strength, even though the bears seem so sure of their 7.2 and 6k predictions.
Entry: 8344-8177
1st obj: 8686
2nd obj: 8851
3rd obj: 9176
Stop loss: 8060
PD: Educational only, fellas! Have fun trading.
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