Forwarded from Zvn’s Charts
I was going to talk about this rising wedge tomorrow after the weekly close but I have better stuff to talk about then and I was asked about it today.
https://twitter.com/opchecksig/status/1218531826245021698
https://twitter.com/opchecksig/status/1218531826245021698
Twitter
Zavan
$XBTUSD 1D IMO this is a reversal, the price has been making higher highs and higher lows, it's an uptrend. So a break of this rising wedge would probably lead to a simple retracement: I don't think it retraces further than the marked fibs (8.1-8.4k).
I also should say that BTC has a big history of breaking out of rising wedges and starting an even more vertical uptrend. Just something to keep in mind.
Warm welcome to @PsychoOnWallst who joins us on @CryptoCharters!
Crypto Charters TA
I also should say that BTC has a big history of breaking out of rising wedges and starting an even more vertical uptrend. Just something to keep in mind.
I'll sleep before the close, but keep this in mind if it does close above 9165. Check my channel (@checksig) or Twitter (@opchecksig) for an example from 2017.
Forwarded from Zvn’s Charts
Twitter
Zavan
$XBTUSD 1D StochRSI and OBV bear divs. Goes to show that this last impulse (the last big green bar) was more than bulls could actually sustain rn (the impulse before that one had some strong convergences). I still think it retraces into the red area (8-8.2k)…
Zvn’s Charts
https://twitter.com/opchecksig/status/1219242492270403590
Maybe just wick down there since 8.4k is actually good support.