MarkH99

BTC - Rising Wedge - Short term trade

Short
MarkH99 Updated   
BITFINEX:BTCUSD   Bitcoin
Rising wedge pattern indicates price drop. When it drops trough the EMA20 it will probably find support again at around 11k. Please note that this is a short term trade.
Trade closed: target reached:
We demolished the target and are crushing the second support line. Next big support is around 9200usd.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.