kuegi

[ BTC intraday ] small wedge for increasing position or hedge

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Since the overall movement of BITFINEX:BTCUSD is bullish but not yet decided if its breaking out of the bull flag and finally pushing throu the big resistance, a nice low risk high rewards entry emerges. The wedge might go both ways: either the resistance is broken and the big push is happening, or it bounces again and retraces down to the previous support.

If one is already bullish , this might be a nice way to either increase the position or hedge it shorterm.

btw.: thx for commenting and likes, still trying to get the reputation to comment on ideas and participate in the chat ;)
Trade active: it finally pushed throu. so the bullish version won. lets hope that this really brings the big move everyone is waiting for...
Trade closed: stop reached

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