BTC going up inside a Bearish Wedge pattern .
I do not advocate blindly shorting here but just something to consider based on the right credentials.
As displayed within the chart I would like to see a SFP of the highs and a Max Pain scenario play out .
BTC does not neccesarily play ball just because an obvious pattern is visible, Many times I have seen this only for BTC to do the opposite so be wary of this .
I favour a short as opposed to a long and will wait for confirmation before entering a position , If we go up and I dont recieve confirmation within ExoCharts then i will sit on my hands and enjoy the spot gains .
Would Really appreciate a simple Like and or follow ... I post setups and my analysis Daily ....Thanks for stopping By
I do not advocate blindly shorting here but just something to consider based on the right credentials.
As displayed within the chart I would like to see a SFP of the highs and a Max Pain scenario play out .
BTC does not neccesarily play ball just because an obvious pattern is visible, Many times I have seen this only for BTC to do the opposite so be wary of this .
I favour a short as opposed to a long and will wait for confirmation before entering a position , If we go up and I dont recieve confirmation within ExoCharts then i will sit on my hands and enjoy the spot gains .
Would Really appreciate a simple Like and or follow ... I post setups and my analysis Daily ....Thanks for stopping By
Order cancelled
Note
Nailed the setup but expected this maybe a day and a half before it happened and subsequently closed it ...
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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.