Bullish Scenario
This Bullish Daily Divergence gives me confidence that we could be making a push to the upside from the orange triangle above. We could trade the breakout with a tight stop loss of 1%-2%. We seem to have been testing the 21 EMA(white) as resistance for this whole month now, it seems we might make another push to break above it. If breakout is successful, I will have take profit at around 40k where we have resistance.
Bearish Scenario
We get rejected from 21 EMA / top orange trendline, and will either have a chance to make a Higher Low which has potential to become bullish or we head down to test bottom trendline of triangle.
4 Hour Chart
BTC is currently ranging inside this descending wedge. This is what my breakout trade would look like.
1 Week Chart
We could make a push up to test 21 Weekly EMA (white) as it lines up with our resistance area of 40k.
This Bullish Daily Divergence gives me confidence that we could be making a push to the upside from the orange triangle above. We could trade the breakout with a tight stop loss of 1%-2%. We seem to have been testing the 21 EMA(white) as resistance for this whole month now, it seems we might make another push to break above it. If breakout is successful, I will have take profit at around 40k where we have resistance.
Bearish Scenario
We get rejected from 21 EMA / top orange trendline, and will either have a chance to make a Higher Low which has potential to become bullish or we head down to test bottom trendline of triangle.
4 Hour Chart
BTC is currently ranging inside this descending wedge. This is what my breakout trade would look like.
1 Week Chart
We could make a push up to test 21 Weekly EMA (white) as it lines up with our resistance area of 40k.
Dagangan aktif
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.