BTC to retest support at 8970? Rising wedge reversal pattern
Looks like a strong divergence on the 30 min MACD histogram. Combined with the rising wedge we could see a pullback to support. I've closed 50% of my longs for a nice profit and will look to add again on a pullback or if the 30min MACDH ticks up again.
Most breakouts end up in fakeouts so I'm not holding on too strongly to the idea of a rising wedge. Any decent buy signal and I'll start layering into positions again due to the overall bullish picture on the daily charts.
Most breakouts end up in fakeouts so I'm not holding on too strongly to the idea of a rising wedge. Any decent buy signal and I'll start layering into positions again due to the overall bullish picture on the daily charts.
About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.
Telegram coming soon.
Telegram coming soon.