xcitedDelirium

Formation of clean bullish Wolfe Waves on Bitcoin

Largo
xcitedDelirium Actualizado   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bullish Wolfe Waves appear on Bitcoin's 1 hour chart. This could be an indicator for short term reversal. Point 5 having a relative increase in trading volume makes me more confident in this setup.

I would be using the 1-hour Fair Value Gaps / Imbalances as areas to take some profits with my last target being the local high marked with a green line. Golden pocket doesn't look that significant as it was visited with a reaction prior but we might see another retracement there or from an area close below it if we decided to dive a bit deeper with point 5.

Bear in mind that FOMC is really close (pun intended!) and an interest hike might mess things up for those longing.

Trade safe.
Operación cerrada: objetivo alcanzado:
Final target reached. 🎯

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.