Hello everyone, friends!
The price of Bitcoin has slowed down the dynamics of the movement.
The Ichimoku Cloud is still upward to the left on higher timeframes, indicating an upward trend.
At the moment, the nature of the price movement makes one think about narrowing the swing range.
Locally, there is a high probability of a wedge pattern forming, which can provoke both a strong upward movement and a very rapid price decline.
If the Wedge pattern is formed, we recommend waiting for the confirmation of the dynamics when the price to fix below or above the pattern bord.
We believe that now is a very good time to correctly calculate a trading plan.
AT LOCALLY:
We recommend buying on H1 with short targets at the level of 12300-12500 and stop-loss at the level of 11450.
The price of Bitcoin has slowed down the dynamics of the movement.
The Ichimoku Cloud is still upward to the left on higher timeframes, indicating an upward trend.
At the moment, the nature of the price movement makes one think about narrowing the swing range.
Locally, there is a high probability of a wedge pattern forming, which can provoke both a strong upward movement and a very rapid price decline.
If the Wedge pattern is formed, we recommend waiting for the confirmation of the dynamics when the price to fix below or above the pattern bord.
We believe that now is a very good time to correctly calculate a trading plan.
AT LOCALLY:
We recommend buying on H1 with short targets at the level of 12300-12500 and stop-loss at the level of 11450.
