TheDigitalStonks

Rising Wedge forming on the Short Timeframe

Short
BITFINEX:BTCUSD   Bitcoin
Bitcoin is moving up in what might be looking like a bearish rising wedge pattern on the 1H Chart. Entry, SL and Targets are on the chart. Seems like a risky trade but worth taking for me. I still think we will see prices in the 7.1k- 8.2k regions in the next few weeks but Bitcoin might go up to 9.3k-9.5k if the current setup fails. Pumps are for shorting. Good Luck!

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.