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YurloTrades
Jan 21, 2021 6:02 AM

Wave 0-5 (higher lows, lower highs, bullish pennant) BTC Β Long

Bitcoin / DollarBitfinex

Description

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Wave 4 should be approaching the support level in which will initiate the rally towards the next wave (wave 5) if the probabilities within this trading setup get respected.

I'll post updates to this technical analysis as price action develops in key area's of interest.

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Trade closed manually

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Comments
flavgf
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@YurloTrades hasn't it already hit the support level?
YurloTrades
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@flavgf, yeah possible why im already long
Trend_Sniper
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Isn’t that a rising wedge?

Just Kidding! lol
YurloTrades
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@Trend_Sniper, a rising wedge has higher highs and higher lows then breaks down lol? there's a rising wedge inside the pennant though feel free to check it out for references if you don't know what a rising wedge is or how it plays out
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