BTCUSD hit falling wedge support. What's next?

14 июн. 2018 г.

- bounce on falling wedge support (reversal pattern)
- volume inscreasing, but slowly
- daily stoch rsi about to cross up
- rsi seems to bounce here, just over 25

May go back to the upside of the falling wedge and a break through, around ~$8500.
A lack of volume / fakeout will bring back down to ~$6035, which if the confluence of bottom line of the falling wedge and lowest low in this falling wedge (Feb 6th).

I may be bullish if current reversal is confirmed.
I'll go long riding the up trend of the falling wedge.

14 июн. 2018 г.

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Bearish hidden divergence on 1h and 4h which confirms that we may retest $6275 first, which could be a good place to watch carefully for an entry point.

16 июн. 2018 г.

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As said 2 days ago, we're close to a support re-test.
Watch carefully, can go both directions, but may be good entry price in both case.
I'm still expecting a bounce up.

19 июн. 2018 г.

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So far so good, good pump yesterday, but for now:
- entering 4H cloud
- no tk cross yet, tenkan being $300 below kijun
- chikou is above the price
- restested 50% fib on yesterday's leg
- have to break strong resistance between $6850 and $7000.
- a close above $7000 will open door to the reversal

Zoomed in 4H chart:

19 июн. 2018 г.

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Re-tested ~$6870 resistance and get rejected.