Huge falling wedge formed the past 3 months on the QP chart. Will wait for a break out and RETEST of the resistance line to see if it turns to sufficient support. If it does I go long there and the targets are just the fibonacci lines. QSP has great fundamentals also, making it a low risk trade.
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Note: bullish divergence on the RSI
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Also a small descending triangle within the wedge
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Broke out of the descending triangle with volume and now attempting to break out of the falling wedge
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Rejected by the upper trend line. Short term resistance's shown in the fibonacci
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Flew out of the falling wedge, looking to use the top of the wedge as support and then reaching the first target at 2246 satoshis.
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1809 support holding strong expect a retest of the 1915 level, and we can also see a bull flag forming. Waiting for a confirmed break of 1915 before going long as I expect to fly to 2200 satoshis
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Last update for this idea. Watch the resistance and supports, rebuy at support and take profits at resistances. Also watch bitcoin's movement because it has the power to crash the whole market.