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CryptoSomm
May 12, 2020 12:18 PM

Trying a lil scalp action today 

Bitcoin / DollarBitfinex

Description

Due to current volatility I am currently in USD and a small amount of BTC. Looking for scalp trades to keep the account moving. Looks like we are developing a channel in the 30 min chart, and similtaniously a wedge. If the wedge breaks to the upside I see at least a pop to the top of the channel at around 9200. If we break below the wedge I will execute a small short. Good luck today all!

*This is not trading advice. I am an amateur. Cheers!
Comments
trytofeelpositive
hi bro,good chart,i have something similiar
share my idea with u
CryptoSomm
@trytofeelpositive, Looks like it! Very nice, hopefully we can see 9200 soon
Deimos3
Good analysis. I also see a potential head and shoulders in formation that could lead to the downward break of the channel
CryptoSomm
@Deimos3, Thanks much, I didn't actually even notice that possible setup so cheers for the comment! Looks like the bottom end of my wedge was a bit off too. Thats what I get for rushing out my first post. lol
Deimos3
@CryptoSomm, it was a good post. Keep them coming!
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