Bitcoin BTC formed an ascending broadening wedge (bearish)

Bitcoin formed an ascending broadening wedge ( bearish reversal pattern). I've noticed the bearish divergence on the 4hour timeframe but also a bullish divergence right after. The bullish divergence could indicate that BTC could make the last push to 11100-11200-11250 levels to test. I'm curious if $BTC could manage to make a Higher Low. If not this could change the trend (short-term) which is healthy. Testing previous resistances as support and to create stronger support.
Breaking 10850 will make me more confident in a short position. Have to keep in mind we have a gap below at 9645 too.

Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (NFA).

ความคิดเห็น:

Update: