BTC Falling wedge retest trading signal UPDATED
Stop loss: $34000
Entry: $34925
Take profit: $38870
RSI has bullish divergence on multiple time frames. The daily MACD is crossing up on the daily showing a buy signal. The falling wedge pattern had broke above resistance and came back to retest the resistance trend line turning it into support.
Only enter this trade if the entry point is met. Be sure to apply your stop loss and watch price action around $38177 as there is strong resistance. A smart move would be to take initial investment out of the trade as profit in that area.
Be safe trading this weekend as we have low volume and the whales are swimming!!
Stay green and be blessed!
Entry: $34925
Take profit: $38870
RSI has bullish divergence on multiple time frames. The daily MACD is crossing up on the daily showing a buy signal. The falling wedge pattern had broke above resistance and came back to retest the resistance trend line turning it into support.
Only enter this trade if the entry point is met. Be sure to apply your stop loss and watch price action around $38177 as there is strong resistance. A smart move would be to take initial investment out of the trade as profit in that area.
Be safe trading this weekend as we have low volume and the whales are swimming!!
Stay green and be blessed!
Related publications
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.