BTC Rising Wedge *Potential short, Swing Fail Highs
BTC going up inside a Bearish Wedge pattern .
I do not advocate blindly shorting here but just something to consider based on the right credentials.
As displayed within the chart I would like to see a SFP of the highs and a Max Pain scenario play out .
BTC does not neccesarily play ball just because an obvious pattern is visible, Many times I have seen this only for BTC to do the opposite so be wary of this .
I favour a short as opposed to a long and will wait for confirmation before entering a position , If we go up and I dont recieve confirmation within ExoCharts then i will sit on my hands and enjoy the spot gains .
Would Really appreciate a simple Like and or follow ... I post setups and my analysis Daily ....Thanks for stopping By
I do not advocate blindly shorting here but just something to consider based on the right credentials.
As displayed within the chart I would like to see a SFP of the highs and a Max Pain scenario play out .
BTC does not neccesarily play ball just because an obvious pattern is visible, Many times I have seen this only for BTC to do the opposite so be wary of this .
I favour a short as opposed to a long and will wait for confirmation before entering a position , If we go up and I dont recieve confirmation within ExoCharts then i will sit on my hands and enjoy the spot gains .
Would Really appreciate a simple Like and or follow ... I post setups and my analysis Daily ....Thanks for stopping By
Order cancelled
Comment:
Nailed the setup but expected this maybe a day and a half before it happened and subsequently closed it ...