Right now, bitcoin is in short term retraction phase.
If no volume will enter the market next coming days, then it is highly possible for bitcoin to retest it first lows.
If price action remains to the upside, we can expect a target of 8,000 with some overperformance to 8,300.
Typically the price tends to go down at the end of a rising wedge, but that is not always the case.
We are going to keep you updated on this trade.
I hope you liked my idea, please leave a like if you did so. 👍
If no volume will enter the market next coming days, then it is highly possible for bitcoin to retest it first lows.
If price action remains to the upside, we can expect a target of 8,000 with some overperformance to 8,300.
Typically the price tends to go down at the end of a rising wedge, but that is not always the case.
We are going to keep you updated on this trade.
I hope you liked my idea, please leave a like if you did so. 👍
Trade active:
It's going to be a short, people.
Comment:
Okay guys i have 3 targets depending on the price movement that is yet to come. Our first target it 6647, second 6450, third 6047. This chart will be further updated so make sure you like and subscribe.
Trade closed: stop reached:
Position reached our stop
Comment:
Well eventually we were right, even though we stopped out.. (but we did re-enter in our next chart)