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micjmor69
Sep 12, 2021 7:56 PM

BTC Rising Wedge  Short

Bitcoin / U.S. dollarBitstamp

Description

BTC has formed a rising wedge after bouncing from 44k with low volume. I am anticipating a breakdown to 43k, and my stop is above 46.3k on my short, as that would make a higher high and make the rising wedge much less likely of playing out to the downside.
Comments
micjmor69
Update: Closed 1/4 of short position at 45.1k, closed the rest at break even, re-entered 44668. Lots of manipulation going on right now so be careful but I do think it retests 43k in the next few days before the next impulsive move upward to new all-time highs
jazerbay
Very good
GerradFletcher
Lets keep hoping, good chart
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