BTC in a rising Wedge - Wait for the breakout!
Here's a quick look at BTC 1 hr chart. As we can see, the price has printed a rising wedge and we could see a breakout soon. 48k BTC is in the charts if we break to the upside!!
8 green daily candles in a row - last time we saw that, was back when BTC ran from 17k to 25k. And now combine that with the price closing above the 200 daily EMA. There's a lot of upside to come if the price holds the current level!
The best entry would be, when the price breaks above the rising wedge with good amount of volume . Keep an eye on this setup.
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The idea is: Buy the breakout from the rising wedge and take profits at the levels shown in the chart.
Targets:
1. 43.3k$
2. 45k$
- Profits can also be taken in the resistance zone .
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Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
8 green daily candles in a row - last time we saw that, was back when BTC ran from 17k to 25k. And now combine that with the price closing above the 200 daily EMA. There's a lot of upside to come if the price holds the current level!
The best entry would be, when the price breaks above the rising wedge with good amount of volume . Keep an eye on this setup.
-------------------------------------------
The idea is: Buy the breakout from the rising wedge and take profits at the levels shown in the chart.
Targets:
1. 43.3k$
2. 45k$
- Profits can also be taken in the resistance zone .
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
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