1st Post - BTC FALLING WEDGE (CONTINUATION)
Please don't listen to anything I say...I've never actually done TA until this post.
Anyway, here is what I see.
A falling wedge in an uptrend (1 Hour Timeframe).
I would expect
BTC to bounce around the wedge until we reach around either of the light blue horizontal lines (effectively, the pink area).
After that, I would expect (hope) for a breakout from the top of the wedge.
Depending on where the last bounce is on the bottom of the wedge, I would expect a 11%-16% increase in price from the point of breakout in about 1-2 days.
**Again, this is my 1st post - so please don't actually make a decision off of my analysis. However, I would appreciate anyone's feedback (good or bad). Thanks!**
Anyway, here is what I see.
A falling wedge in an uptrend (1 Hour Timeframe).
I would expect
BTC to bounce around the wedge until we reach around either of the light blue horizontal lines (effectively, the pink area).After that, I would expect (hope) for a breakout from the top of the wedge.
Depending on where the last bounce is on the bottom of the wedge, I would expect a 11%-16% increase in price from the point of breakout in about 1-2 days.
**Again, this is my 1st post - so please don't actually make a decision off of my analysis. However, I would appreciate anyone's feedback (good or bad). Thanks!**
Nota
Had the right idea, but definitely missed the pink area. I had a couple bids placed around there, but since we never dropped low enough, I missed out on the run.
Considering placing bids in potential breakout zones next time.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.