In chart we can see a falling wedge chart pattern just formed and also it has breakouted. But consolidating in breakout area risk riward ratio is 2.7 and its ggod enough for trade. Taking a trade is totally yours choice. I am not saying to take trade but price target is good enough for trade. For supporting me please hit Like Button and follow me Thank you.
@mc_peewee,
Thanks for your feedback
you can follow be bro lol
Bitcoinomyst
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@mc_peewee,
i mean you can follow me lol
ethhunter
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Falling wedge begins wide and contracts at the end, on larger time frame this is a bear flag, on this time frame its clearly head and shoulders pattern :)
Bitcoinomyst
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@ethhunter,
Its head and shoulder but its head is lower then right shoulder. so its failed pattern bro.
think about it
SProCryptoTrader
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@SajjadProTrader,
looks like its falling and chould hit stop loss
ethhunter
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@SProCryptoTrader, You're right if you look at the wick's, but the head candle actually closed above, but yeah.. it still broke down anyway so doesnt matter
ethhunter
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Sorry I mean @SajjadProTrader
ethhunter
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But i agree falling wedge is possible here
Bitcoinomyst
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@ethhunter,
right. today BTC started to move. but we will have to break resistance area to go up.
lol