BitcoinBearSlayer

Rising Wedge and Double Top for BTC?

Singkat
COINBASE:BTCUSD   Bitcoin
I'm not going to make this long. I just wanted to share what I currently see on the chart for BTC. It appears to be a rising wedge that would also terminate around a short term double top. Perhaps a good place to open a short position or reinforce and existing one. The entry would be made when the price touches the top of the wedge again and the stop would be placed above the high on the left. It would be a low risk trade as the stop would be taken out quickly if the price does not reverse as expected. I don't go short or trade on margin so I'm sitting on my hands waiting for another low risk long entry. This is not trading advice, I just thought I'd share.

Good luck next week in whatever you do.
Penafian

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