bourda
Short

BTC ascending wedge looking bearish

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Ascending wedge = bear signal

Enrty after pattern break out , target equal or a bit less thanthe lenght of the previous downtrend start of the pattern formation)
Price a bit above the top resistance od the wedge to avoid stop loss hunting wicks

Just an oppinion not financial advise
Apr 05
Comment: This wedge just became an ascending channel took profits on the scalp after entering a short at the top of the channel to maximise profits however if you do this place a tight stop loss because if it break the channel resistance it will keep going up probably up to 4150. If you want a safe entry when the channel breaks wait for confirmation of st lesdt 1h candle that closes below the support or resistance of the channel but looking st the 16 h chart it has a price flip signal on it on TD SEQUENTIAL SO EVEN IF WE GO UP we will probably go down by the end of the weekend.
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