Short term correction - BTC Rising Wedge formed

Depending on how low it will fall, is likely the probable earnings from a short can range between 5%(TP1) to 9% (TP2)

Wait for close on the 1hr chart outside the wedge as a confirmation.

The most likely scenario at the moment is retracement to the TP1 0.5 fibonacci at 5408 USD. We might start to bounce to higher from there.

The other (unlikely) target is down to 5221USD. At the moment a retest of the 5000USD level is very unlikely.

Trade safe and mange your risk.

Trade active:

Entered at 5700, will add more once the 1hr candle closes.

Pattern is working well so far.