DK_Investment_Consulting

Bitcoin within rising wedge - 300$ movement coming soon

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
price is after last weeks correction movement within rising wedge and near breakout. Wait for clear breakout confirmation before entering this trade. Clear confirmation is close above or under wedge trend line after breakout down/up ways. In my opinion the price will break down because this wedge is build after correction movement, in general is this type of rising wedge followed by another down move. RSI try to hold up trend line but has not enough volume for big up movements.

Good luck to all and have a nice & successful week.
Mar 03
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Mar 04
Trade active: price broke wedge down side like expected
Mar 05
Trade closed: stop reached: Moved stop loss to 3841 and closed after todays reversal.Currently testing the wedge line. Expect fast down movement if this test fails
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