We have this Ascending Broadening Wedge on the 4 hourly time frame. As we see on the social media everybody is bullish again and that's the point where i am looking in the other direction. I exited my long position from 37.7k because of the bearish divergence on the 4 hourly and entered short postion at 42.2k.
Ascending Broadening Wedge is a bearish pattern and we already have a break out and retest of the support line now turned into resistance.
What do you think about this Ascending Broadening Wedge?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!!!
Ascending Broadening Wedge is a bearish pattern and we already have a break out and retest of the support line now turned into resistance.
What do you think about this Ascending Broadening Wedge?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!!!
MP