On this inverted Bitcoin chart, we have a large falling wedge that the price might soon break out of. A falling wedge leads to a bullish breakout most of the time which on this inverted chart would most likely mark the beginning of the major downtrend for BTC/USD.
It is important to wait for the breakout and not enter any short positions before confirmation. This is definitely going to be a very promising trade and you might not want to miss it. The best part about inverting this chart for BTC/USD is to show most of you that to a trader it shouldn't make any difference whether the price goes up or down as long as there is a setup with a good risk/reward. This is definitely one of those setups. You should always practice effective risk management and use a stop loss.
Please leave your comments and suggestions below. If you liked this idea, give it a thumbs up. Follow for more. Good luck! :')
It is important to wait for the breakout and not enter any short positions before confirmation. This is definitely going to be a very promising trade and you might not want to miss it. The best part about inverting this chart for BTC/USD is to show most of you that to a trader it shouldn't make any difference whether the price goes up or down as long as there is a setup with a good risk/reward. This is definitely one of those setups. You should always practice effective risk management and use a stop loss.
Please leave your comments and suggestions below. If you liked this idea, give it a thumbs up. Follow for more. Good luck! :')
Comment:
Worked like a charm.
Comment:
Be careful with your shorts here. This might be in the making.
Comment:
Here's what I think happens next.
