Ahhh #BTC #BTC #BTC!!!!! we have been stuck trading inside a range from a couple of days now, Volume has drastically decreased & it is imminent that a Big move will come!!
I have been keeping an eye on Ascending triangle for a while now, S/r flip for me was 6677 & we have been staying above it with a couple of daily closes, my shorts were from 6915 which I have taken 75% of position off simply because cleaning up the charts & looking at it again this is what I am seeing
A Falling wedge!!!!!! (it's inverse chart meaning it's a rising wedge)
we are at the trendline support that means only one thing could happen, We go up!!
I am neutral at the current levels, I have been Bear but as I mentioned in the TA channel on telegram if we close above 64xx on weekly that will be super bullish!!
i always try to keep 2 variations mainly because of heinous wicks on BTC, this is one more possible wedge pattern which is forming -
this current setup you see on the chart has lots of confluence
after we drop down straight to 3k there are some Liquidity/ Fair Value gaps above us!
We have a BIG BAD 10% CME GAP!
considering usually wedges breakout at around 75% I will start laddering my shorts from 8251 with stops above the top of CME Gap.
you can also use Leverage on FTX or bybit to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
I have been keeping an eye on Ascending triangle for a while now, S/r flip for me was 6677 & we have been staying above it with a couple of daily closes, my shorts were from 6915 which I have taken 75% of position off simply because cleaning up the charts & looking at it again this is what I am seeing
A Falling wedge!!!!!! (it's inverse chart meaning it's a rising wedge)
we are at the trendline support that means only one thing could happen, We go up!!
I am neutral at the current levels, I have been Bear but as I mentioned in the TA channel on telegram if we close above 64xx on weekly that will be super bullish!!
i always try to keep 2 variations mainly because of heinous wicks on BTC, this is one more possible wedge pattern which is forming -
this current setup you see on the chart has lots of confluence
after we drop down straight to 3k there are some Liquidity/ Fair Value gaps above us!
We have a BIG BAD 10% CME GAP!
considering usually wedges breakout at around 75% I will start laddering my shorts from 8251 with stops above the top of CME Gap.
you can also use Leverage on FTX or bybit to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
Dagangan aktif:
2nd wedge worked out, we have broken support with good volume, i am currently short from 7361 would like to add more on the retest
make sure to follow telegram @tradingv2 for proper signals & updates
make sure to follow telegram @tradingv2 for proper signals & updates
Keep an eye on this, break & close above or below & enter the trade