fun fact: the bitty Daily Renko TF chart on Bitstamp has not had this consolidation formation before, where three tops and drops (H&S) are so neatly ranging in a rising wedge for this long.
Thanks for sharing!
While we are bearish for the mid-term, we are eyeing long opportunities for the coming week. 4Hr RSI is developing into a hidden bearish divergence and we could revisit below 9k. That would likely form a RSI bullish divergence, generating good range trading opportunities.
What do you think of our setup below?
While we are bearish for the mid-term, we are eyeing long opportunities for the coming week. 4Hr RSI is developing into a hidden bearish divergence and we could revisit below 9k. That would likely form a RSI bullish divergence, generating good range trading opportunities.
What do you think of our setup below?