Falling wedge on daily chart . This is not the trend continuation type wedge . But rather a potential trend reversal. Its rather easy to see the contraction of the price action.
However, due to the current situation in Bitcoin 0.26% , I would rather expect some quick upside moves rather then a long uptrend.
This could change if Bitcoin 0.26% finishes a head & shoulder pattern on the daily chart .
But for now the initial target is set at 612. If that target is hit I will sell half and move the stop loss up aggressively.
I have a tight stop loss at 526.
However, due to the current situation in Bitcoin 0.26% , I would rather expect some quick upside moves rather then a long uptrend.
This could change if Bitcoin 0.26% finishes a head & shoulder pattern on the daily chart .
But for now the initial target is set at 612. If that target is hit I will sell half and move the stop loss up aggressively.
I have a tight stop loss at 526.
Trade closed: stop reached:
Looking for re entry if we get another push and then consolidation
Trade active:
Making another attempt here
Trade closed: target reached:
Nice run (Against USD) Taking profits here.