Rising wedge and is time for BTC to dump!!!
We have this nice rising wedge on btc. We have one small fakeout with purpose to trap the bulls and confirmation of that is low volume.
I entered my short position at 44.5k because of the daily resistance and i am planing to add more money into the position, if we close 4 hourly back into the rising wadge.
This fakeouts most of the time means fest moves to the downside with big volume from the bears. I hope my bulls are not disappointed with my statement but this is how the market is reacting at the moment.
What do you think about this Rising wedge ?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!!!
I entered my short position at 44.5k because of the daily resistance and i am planing to add more money into the position, if we close 4 hourly back into the rising wadge.
This fakeouts most of the time means fest moves to the downside with big volume from the bears. I hope my bulls are not disappointed with my statement but this is how the market is reacting at the moment.
What do you think about this Rising wedge ?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!!!
Comment:
i just added more to my position at 44.7k becaouse of the golden pocke!!
Trade closed: stop reached
MP