BitcoinLong
Another good point to trade "growth weakness"
Thursday morning has shown the breakout of a consolidation upper border with no sign of any price strength again. Apparently another false break is in store for us for today or tomorrow - of a 4-hour rising wedge upper border. Approximately 
13K would be the price set-up condition for an Intraday sell trigger @12500. However, the possibility of a turnaround from the current level of 
12K can not be excepted either. The key point is "to wait for the market in the doorway" of a Wolfe's bear pattern 1-3-5 with your sell-stop triggers. Thursday is a good day for "fishing", so enjoy it!
Kerstin Ohlsson
Xena Exchange Swinger
13K would be the price set-up condition for an Intraday sell trigger @12500. However, the possibility of a turnaround from the current level of 12K can not be excepted either. The key point is "to wait for the market in the doorway" of a Wolfe's bear pattern 1-3-5 with your sell-stop triggers. Thursday is a good day for "fishing", so enjoy it!Kerstin Ohlsson
Xena Exchange Swinger
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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.