AwesomeAvani

BTC to fall from a rising wedge? SHORT

Short
AwesomeAvani Updated   
BITSTAMP:BTCUSD   Bitcoin
BTCUSD on the 15-minute chart appears to have formed a rising wedge pattern which typically

forecasts a breakdown and a fall in price. Overlaid is the LuxAlgo predictive model-based

on a gaussian regression line ( top shelf mathematics) with a lookback to the left for similar

patterns on which to found the forecast. The algo indicator validates a bias for a fall in price.

I will take a partial on my long positions here and save the profits for a re-entry when a firm

uptrend is noted.
Comment:
Trade closed: stop reached:
BTC pushing to $70k again.
Comment:
Comment:
Trade active:
Now trading long after geopolitical risk is at least on pause

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.