Ascending Wedge BTC
Updated
Hi everyone,
It looks like we are in an ascending wedge pattern. This is a bearish pattern that will most likely take us to the bottom of the pattern around the low 5000s. From there I believe we will keep moving up in a larger ascending channel drawn in pink.
The trade idea posted here is to go short in the range of 5300-5350 with a stop loss above 3560 which is a strong resistance and fib level .78
Feel free to share your thoughts and ideas in the comment section
Cheers
It looks like we are in an ascending wedge pattern. This is a bearish pattern that will most likely take us to the bottom of the pattern around the low 5000s. From there I believe we will keep moving up in a larger ascending channel drawn in pink.
The trade idea posted here is to go short in the range of 5300-5350 with a stop loss above 3560 which is a strong resistance and fib level .78
Feel free to share your thoughts and ideas in the comment section
Cheers
Order cancelled
There is a bull break in some exchanges. I would close my short position. ETH is also very bullish right now
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