After breaking out of a larger descending wedge, BTC has been steadily climbing and is now forming a rising wedge on the daily chart. This pattern often signals a possible pullback, especially as price approaches a key horizontal resistance.
If BTC manages a clean breakout above 90,000 and holds, it would invalidate this short setup. In that scenario, I’ll step aside and wait for a clearer opportunity.
Remember, risk management is key—use a stop loss and size positions responsibly. This is not financial advice, just my personal view.
Good luck and happy trading!
If BTC manages a clean breakout above 90,000 and holds, it would invalidate this short setup. In that scenario, I’ll step aside and wait for a clearer opportunity.
Remember, risk management is key—use a stop loss and size positions responsibly. This is not financial advice, just my personal view.
Good luck and happy trading!
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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.
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.