sebsschmitz
Long

Falling wedge on the 1 hour chart

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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There is a falling wedge on the 1 hour chart, looking to long once we get to the 9900 area. I will have a tight stop at 9700. Opportunity for some smaller swing trades as we head down to 9900.

Entry: 9900 to 9800
Target: 10800
Stop: 9700
Comment: Once we do break out of this triangle, make sure move your stop loss as soon as we get to around 10450. This is an important area as it may bounce back down to remain in the much larger symmetrical triangle we are inside of.
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