Bitcoin says " Every dollar $ lost is a price for a lesson"
If you miss the profit, don't miss the lesson! As a Trader you can never be right all the time, We think differently from holders. Basically meaning, Every dollar lost is a price paid for a lesson learnt on each trade.
SWING TRADING set up
Trade:
The wedge discovered above can easily be found by using trend lines to connect the "higher- highs and lower lows, which can result to a breakout to the up side at any point in time on the Falling Wedge.
here is my personal set up for swing trading this Falling wedge.
My last analysis I talked about shorting 9600 to 7500.
Trade set up
Entry ; Enter a "short" as price hit the top of the broadening wedge at 9565,
TARGET: Place the targets close to the higher "swing high level of the wedge pattern for breakout traders, with a second target set at the depth from the breakout level
For swing trading,
Target for Swing shorts:
9204
9050
8840-8750
8425
7960-7500
(reversal will occur around this numbers
Target for Swing Long:
9440
9240
10500
Stop Loss ; place a stop order below the highest level of the wedge for shorts and below the lowest level of the wedge for longs.
Support me with your LIKES if you can, thank you in Advance.
SWING TRADING set up
Trade:
The wedge discovered above can easily be found by using trend lines to connect the "higher- highs and lower lows, which can result to a breakout to the up side at any point in time on the Falling Wedge.
here is my personal set up for swing trading this Falling wedge.
My last analysis I talked about shorting 9600 to 7500.
Trade set up
Entry ; Enter a "short" as price hit the top of the broadening wedge at 9565,
TARGET: Place the targets close to the higher "swing high level of the wedge pattern for breakout traders, with a second target set at the depth from the breakout level
For swing trading,
Target for Swing shorts:
9204
9050
8840-8750
8425
7960-7500
(reversal will occur around this numbers
Target for Swing Long:
9440
9240
10500
Stop Loss ; place a stop order below the highest level of the wedge for shorts and below the lowest level of the wedge for longs.
Support me with your LIKES if you can, thank you in Advance.
Comment:
Congratulations! we hit our 3rd Target at 8840
