After a more than decent rally these past few days, BTC has formed a VERY steep rising wedge. Five green 4h candles is probably not sustainable short term. Since we broke one resistance that was born on the past 8500 high, I am bullish mid term but long term it should give a small retrace at least up to the line that is supporting this run, which right now sits at around 6450.
It's not a bad , almost 300 usd too, so I am going short here. I am also willing to add up until 7020 where another big resistance sits, also born at 8500
Trade safe, always use sl!
If you found this useful, follow my twitter, thumb me up and folloe me here on TradingView!
It's not a bad , almost 300 usd too, so I am going short here. I am also willing to add up until 7020 where another big resistance sits, also born at 8500
Trade safe, always use sl!
If you found this useful, follow my twitter, thumb me up and folloe me here on TradingView!