Note how the chart has been responding to the RSI divergence. Look for a break of the flat top wedge on volume to give you a sense of direction. Follow the chart. Do not bias yourself. -------- Measured move was calculated measuring a portion of the wedge -------- I do not recommend trying to short BTC -------- Just an idea. Trade at your own will.
Post some more charts!!! You're a killer! I'm super proud of how much your analysis skills have sharpened these last few months. You will be trading on a yacht this time next year if you keep this up
gumbtg
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Right on for the kind words man. Much appreciated. Keeps me going. Thanks @LuchoTrader76,
UnknownUnicorn1564330
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That is not a Wedge pattern, that is what is called an Ascending Triangle.
gumbtg
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@AndrewAponas, ehh same thing
UnknownUnicorn1564330
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@gumbtg, I thought I posted a link up there. To each his own I suppose. But for the record no it isn't. A Rising Wedge tends to breakout bearish where an Ascending Triangle tends to breakout bullish. God Bless.
UnknownUnicorn1564330
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@AndrewAponas, Your style is completely opposite of mine, which is why I am following you. It is nice to see the contrast. Keep it going.