The idea is to trade the break of the rising wedge as it looks like BTC is now at a crucial level and is set to retrace from the current levels. The break should occur throughout the next 3-4 hours. Stop loss above the previous high, Tp based on the projection + important support.
Good luck to all.
Check my other ideas and subscribe if you want to receive updates on short/medium term trade set-ups.
Good luck to all.
Check my other ideas and subscribe if you want to receive updates on short/medium term trade set-ups.
Comment:
For additional confirmation, there can be applied a 1h time filter.
Trade active:
There was a 1h candle close below the pattern. Trade was opened.
Trade active:
Looks like the H&S pattern is forming here
A big drop is coming!
A big drop is coming!
Trade active:
DOWN WE GO!!!!
Trade active
