Get started
rubenthin

Gaps and Wedges

Long
rubenthin  
OKCOIN:BTCCNY   None
2
0
snapshot
Big question is whether this rising wedge is in fact wave 1 of an impulse up as above...
Or if it is part of a continued corrective move down as below:
snapshot
snapshot

Shorted yesterday's 5 waves up, and found the entry here all the same, giving initial target of (e) in the chart above:
snapshot

Interestingly, just breaking out of a battle with resistance from yesterdays very interesting ‘gap up’ level:
snapshot
Not often seen in bitcoin obviously because it never sleeps and there are no trading sessions. Interesting to see it yesterday:
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.