Back in october i drew this rising wadge and i completely forgot about it.Since than we got our third touch point and big bounce from it on the fourth of december.This rising wadge goes back from 2017 Bull-run and has multiple touch points on the upside and 3 touch points on the downside.
But we also have this rising channel and 3 perfect touch points on the downside and 2 on the upside becouse of that i got in long position at 33k.
What to do if we get rejected from the rising wadge? The answer is simple,i am going out from my long position and wait for rsi on the weekly to go slightly below 30 whith has idicated bear market low back in 2015 and 2018.However if we break back in i think flying to the moon is very likely to happen.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
But we also have this rising channel and 3 perfect touch points on the downside and 2 on the upside becouse of that i got in long position at 33k.
What to do if we get rejected from the rising wadge? The answer is simple,i am going out from my long position and wait for rsi on the weekly to go slightly below 30 whith has idicated bear market low back in 2015 and 2018.However if we break back in i think flying to the moon is very likely to happen.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
MP