As you can see BTC is making a very manipulated move upwards on the log scale chart descending wedge. It is definitely not an impulse wave so it seems likely to me this is building a wedge to a max retracement of the 78.6 prior Wave 1 down of the C leg.
At the beginning of this rally we saw a buy wall that was never touched
We are now also seeing a nice regular bearish divergence. If she touches the 786 or comes close I'm shorting this fake move up big time :-)
At the beginning of this rally we saw a buy wall that was never touched
We are now also seeing a nice regular bearish divergence. If she touches the 786 or comes close I'm shorting this fake move up big time :-)
Bình luận:
regular bullish divergence atm so I cashed in, will be shorting her higher
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That is not how I see it.
I see price action sloowly filling bear buckets. I see price action to continuously diverge from the 1h rsi calling it a clear bluff. Patience is key now, won't take long now before we'll see a proper sell off and wave bye bye to this, cough, "motive wave up"