PipEze

BTC - Falling Wedge with Fib levels

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Anything on chart can be measured and explain logically. Using our wedge I want to show You that trading can be nice and easy. We don’t have to guess where price gonna stop or where is the top so we can close our position and enjoy money we made.
Falling wedges are known to break upwards ( statistically more chances to break up then down ). With a help of Fibonacci we can almost predict entry and exit points for our trades.
I’ve been saying that BTC is in strong uptrend and falling wedge proves that again.
Conclusion - in my opinion BTC will go up. I see 9700 easy target and from there…

This information is not a recommendation to buy or sell.

Please LIKE this post if You think it's helpful. More likes gives me more exposure. Share this if You think You can help anyone to understand price move with this post.
Comment: 1.61 level defended
Just to let You know that telegram group is open and from next TA all updates will be available on telegram. Look for balocik on telegram
Comment: Telegram channel is open. Look for BalocikTA
Comment: We are heading towards 1.61 level.
0.38 achieved
Comment: 9340 expect temporary drop as Bearish bat is waiting there for us
Comment: 1.61 support is broken but we are still in wedge
Comment: Bearish Cypher on 30MIN - expect struggle here. Also hit 0.38 fib level
Comment: anyone who did not hit LIKE button but enjoy this TA please LIKE it
Comment: The price is struggling to climb over 0.38 level and rising wedge if formed which indicate another price drop
Comment: And price is dropping as expected

Comments

CALLED IT! Falling Wedge and bearish Bat. Well done my friend. Finally found someone accurate who also updates constantly.
+1 Reply
what happened to this setup? are we holding or exiting with a stop loss?
Reply
PipEze noirconnectors
@noirconnectors, This information is not a recommendation to buy or sell. I never give buy/sell signals. Your money, Your decision.
Reply
Thanks balocik, but why would it go up from here? Doesn't it look more likely to break the support at 9090 and fall?
Reply
PipEze ogunes
@ogunes, this is what numbers tell me. 1+1 always will be 2. Same here - support is around 8950.
Reply
ogunes PipEze
@PipEze, I meant the following rising channel

Reply
PipEze ogunes
@ogunes, if that's the case than I agree
Reply
ogunes PipEze
Thanks @PipEze, you're doing a good job, I am learning a lot from you.
Reply
ogunes PipEze
Any ideas where this might end @PipEze?
Reply
ogunes PipEze
@PipEze, a cup and handle maybe?
Reply
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