BTC UPDATE! So Far So Good But Watch Out For Fakeouts!
BTC created a smaller wedge within the ascending triangle and broke out and is now holding the upper trend line of the smaller wedge to the top of the triangle. There is also a head and shoulders patter which has been a good counter-trade in the past with a fake-out to the upside then down. I am long from 9K and taking some off at the top of the triangle "9380" area then we will see what happens after that. Would like to see a fake-out to the downside then up to 9900. If we go down 8500 is a good spot for support.
Note
Boom
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.