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veryevilone

BTCUSD on track for a falling wedge

Bitcoin (BITFINEX:BTCUSD)  
veryevilone Updated   
BITFINEX:BTCUSD   Bitcoin
Chart Patterns
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chartpattern
BTCUSD on track for a falling wedge
Comment:
Another wedge appeared. Id say this is a pretty good risk vs reward for a long.
snapshot
Comment:
Okay we have a breakout. Im confident we are headed towards $6,000 so i will trade accordingly. Basically im going to hold the position open and hope for the best.
snapshot
Comment:
We broke down and touched the top of the wedge. Time to pay attention on the long. I marked the "out of the woods" place price needs to go for me to get more comfortable holding it.
snapshot
Comment:
Quick update. I have decided to close long for now at a price of $5,632. I dont like the daily setup and there could be a big correction coming.
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