Rising Wedge On BTC/USD
We have what seems to be a rising wedge on BTC/USD, a break out of this could make for a very good trade setup. A close of a candle outside of the wedge would be the entry confirmation. Taking a look at the Weekly chart we have had a huge run up and formed a doji against a level of resistance, in my oppinion we may see a slight correction, as price cant simply just run up in a straight line, thus i am looking for a short out of this wedge. Trade what you see not what you think, if it breaks to the upside then my oppinion on a short was wrong and ill be entering to the upside.
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Disclaimer
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.