weslad
Long

Bitcoin in possible Ascending Broadening Wedge

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi guys looking at daily structures on BTC and I discovered possible WXY pattern for correction which may take us to 5k zone.

I may well be wrong but do have a close look on the correction we have so far we have completed the led W and I believe leg Y is almost done or already completed.

Post will be given timely attention as it will be updated with a real time market effect.

From our last post the double bottom is still well in play with the price been kept inside the potential bullish flag . check this out here.


Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.

BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS

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Thank you

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active: Price still keep holding bottom side of the Ascending broadening and checking the wave structures seems to be holding wave 2 right now, let see if this hold before we move to upside for possible wave 3.

Expected target downside ranges between 3450-3500

Trade active
Trade active
Trade active: Nice analysis price never pass our accumulation zone. Beautiful
Trade closed: target reached: Great price hit immediate sell target
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youre a god, keep it up! wessy
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good stuff bro
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hamie101 hamie101
do you suggest same targets? my TA suggests 3900 max for this pump.. going above that means we've broken a channel, at least on bitmex.. ( check my TA on my page for xbtusd)
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is what i see
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I agree. BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.

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