Bearish structure setting up once again in this rising wedge. Good risk reward setup
On the break.
On the break.
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Trade has not triggered yet
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BINGO!
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New BTC Update here. Not looking good longer term
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Nothing has changed
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Update BTC despite the move up it is even more bearish looking as it grinds higher. This is not typical BTC behavior in the sense in the past it breaks out and keeps running. Alternatively, if we were to look at it as a "normal" asset class what we would like to see is a pullback followed by a push higher. Not a grind-up.
The only bullish scenario I see is a super old fashion BTC thrust-up move-breaking structure to the upside. Not likely.
The only bullish scenario I see is a super old fashion BTC thrust-up move-breaking structure to the upside. Not likely.
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