BTC/USD - bear wedge
Updated
There is also a kind of bearish wedge on the chart, which can be traded after a breakage of its support. Stop-losses for $9766 or $9666. Profits are marked with green zones on the chart.
These two ideas are not an opportunity for the authors of the channel to "retrain" on the move, but just a view of the chart, to which the input can be bound.
tradingview.com/x/Jmq5zUes/.
- price exit from the bullish wedge - came in the first target, but bounced off the dynamic resistance (probably will form an amplifying signal for a breakout);
- blue zone - horizontal support level, yellow - local resistance.
Who's in position:
Stop Loss can be dragged under $9028 or after the dynamic resistance (white line) break-down/retest under $9356.
Who is without position:
It is more dangerous to enter now, but if you want to enter, you can try after the red zone breakage/test or after the same dynamic resistance. Stop-loss at $9356. Profits are the top two red zones.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
These two ideas are not an opportunity for the authors of the channel to "retrain" on the move, but just a view of the chart, to which the input can be bound.
tradingview.com/x/Jmq5zUes/.
- price exit from the bullish wedge - came in the first target, but bounced off the dynamic resistance (probably will form an amplifying signal for a breakout);
- blue zone - horizontal support level, yellow - local resistance.
Who's in position:
Stop Loss can be dragged under $9028 or after the dynamic resistance (white line) break-down/retest under $9356.
Who is without position:
It is more dangerous to enter now, but if you want to enter, you can try after the red zone breakage/test or after the same dynamic resistance. Stop-loss at $9356. Profits are the top two red zones.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
Note
Note
for crypto fanatics, a sip of fresh water:
Trade closed: target reached
went with the second scenario.Note
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