A nice, clean and simple trading setup on BTCUSD
Not much to say here. BTC seems to be consolidating again, the dump everyone is waiting for probably not materializing, instead BTC just brutally pushing on.
We can however dip lower first, before resuming the uptrend, and forming this nice wedge here.
Watch for a break below support, this would invalidate the trading setup.
If BTC stays within this wedge, I see a much higher likelihood for an upside break than for a downside break.
Good luck !
We can however dip lower first, before resuming the uptrend, and forming this nice wedge here.
Watch for a break below support, this would invalidate the trading setup.
If BTC stays within this wedge, I see a much higher likelihood for an upside break than for a downside break.
Good luck !
Comment:
Still following the triangle pretty nicely. Let's see to which side it will break. Decision time is approaching.
Comment:
The wedge has been broken to the downside, so this setup is not valid any more :/