After failing to make a new high and a break of the lower trendline of a rising wedge, I decided to take a small risk trade on the nasdaq and trail my stop to see where it leads me.
Crypto experiment: www.youtube.com Yesterday I saw an inverse head and shoulder pattern that was rejected by the upper range of a triangle. I exited my trade almost flat and I am now sitting on the sideline to see where it takes us. I will sell the retest of a breakdown or buy the break on the upside. Time will tell.
price got rejected on the trend line so I would not be surprised to see a down wave here. Check out my youtube channel for daily updates: www.youtube.com
I've been accumulating small positions into wabi at 1.90, 1.50, 1.30 and about to go big on the next dip and double up on the break to the upside. Youtube: www.youtube.com Twitter: @cryptoFXtrading
Crypto experiment: www.youtube.com I've already accumulated a position in the 13$ range but will add more should it go to 10$ and will add as we break the falling wedge. Neblio has a 10% dividend for staking and is one of my long term holds that I am building a position on.
USD seems incapable of throwing the pound under the boss for the time being. We made a higher high and a potential higher low to be confirmed and we are at the neck of a reversed head and shoulder pattern. -Initiating a daytrade with tight stop and target. -Initiating a swingtrade with wider stop and long target with high reward vs risk.
There is potential for a buy opportunity on BTCUSD in the coming days if we break the trend line on the upside.