Simple Idea Series (Bitcoin)
Decision point for reversal:
- Rising Wedge
- Overbought Indicators
Outlook:
Wedge to hold then potential medium term reversal.
Wedge to fail, back to business as usual for the longer term bear trend.
- Rising Wedge
- Overbought Indicators
Outlook:
Wedge to hold then potential medium term reversal.
Wedge to fail, back to business as usual for the longer term bear trend.
Trade closed: target reached
Sold @ 7325 from 6737 buy. (8.8%)Things breaking down, more bearish signals from Trade War. Better safe than sorry.
IDEA CLOSED.
Note
Train arrived as expected
If you can't make money during a bear market, you won't have the will to take profits during a bull market.
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.
If you can't make money during a bear market, you won't have the will to take profits during a bull market.
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.