niktraders

Bitcoin Divergence

Long
niktraders Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello everyone
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BTCUSDT :
bitcoin was printing a descending wedge and meanwhile, a divergence between the price and MACD was seen.
the price reacted to the very important support zone and then, braked the descending wedge pattern.
A short term rising trend is possible.
I determine the SL and TP for a good R/R ratio.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
Trade closed: stop reached
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