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iDoji
Sep 7, 2020 6:41 AM

BTCUSD 1D. Wicks 'n' All. Legacy Trend Update! Short

Bitcoin / United States DollarCoinbase

Description

Looking at the legacy trendline retouch possibility detailed in my BTC chart dated 12th August..It may touch or may even break through and wick to a small area that to date remains untested, this easily overlooked area is marked with the small rectangular box. I have a somewhat cheeky order for BTC there in the event we have a fast wick situation. This, if it occurs will also conveniently validate the lower ascending trend line to complete a parallel channel. I would then anticipate a move back over the 'Legacy Line' to create a 'Is it going to Fake Out situation'. No, It's going up after this. A long way.

Just an old boy having a blast at the chart. Speculating a bit of cash I can afford to lose.
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