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MarcuDan MarcuDan BTCUSD, 240, Short , 6 months ago
BTCUSD: BTCUSD wedge breakout, continuation of the downtrend
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BTCUSD, 240 Short
BTCUSD wedge breakout, continuation of the downtrend

After the sharp move down, we see a rising wedge forming on H1/H4 charts. This type of wedge is usually a corrective structure, before continuation of the move (in this case a move down). Short positions could be initiated if the price breaks the bottom trend line (a good idea might be waiting for a confirmation of the break, by testing the broken trend line). ...

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