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spacetrader
Nov 21, 2016 11:00 AM

Ascending triangle / wedge play Long

BAY.MOTOREN WERKE AG STFWB

Description

Longing this with btc at 1broker. I think a tight stop here is good for good R/R. Could break out this bounce, maybe next. Stop below monthly pivot & the support level there, several targets marked based on pivots closest to triangle scaling, flag scaling, and wedge scaling.

Comment

Don't listen to me, I don't know anything.

Trying to earn more btc while altcoins are dead in other assets.
Comments
spacetrader
On log scale there appeared a rising wedge and possible wolfe wave in retracement shape. either breaks down below pivots or breaks up to complete non-log descending wedge breakout.
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