So this one is pretty clean cut and doesn't need much explanation.
Wedges are reversal patterns and we look for the apex of the wedge to line up on resistance/support and as you see it lines up perfectly with structural resistance and volume-by-price resistance.
Thinking it'll go to about $9300 and reverse till about $8000-8200.
We also have some serious -divergence as shown here on the 4 hour, and pretty much on every major time frame except daily.
Trade smart, do your own research before entering a trade yourself, and HODL.
Wedges are reversal patterns and we look for the apex of the wedge to line up on resistance/support and as you see it lines up perfectly with structural resistance and volume-by-price resistance.
Thinking it'll go to about $9300 and reverse till about $8000-8200.
We also have some serious -divergence as shown here on the 4 hour, and pretty much on every major time frame except daily.
Trade smart, do your own research before entering a trade yourself, and HODL.