Rising wedge showing us brilliant opportunities to utilize it for swing trading in our favor. Investment body is splitting into 4 pieces: 10%,15%,25%,50%. Global fib retracement matching with a local one on prices 942.95 and 613.98. Can be utilizes as a strong support lines which are almost matching with historical back tests. Local downtrend with be formed by...
Apparently, BTC is a very technical tool that plays out a scenario for a perfect swing trading. First 2 takes of 20% and 30% were taken in profit accordingly. More to come, bases on current local falling wedge setup it's up to hit 26244 price which lays within a local 0.5 Fibonacci retracement level that allowing us to fulfill the 3-rd bucket with 50% of...
Local falling wedge with a good potential to surge the current ascending price channel that occurred. Reasonable price range for long positions may vary from 22607 - 24118. Expecting the breakout after the price would touch the bottom price of 22600 near global support line. Closing candle stick within that area would give us a solid entry signal to be confident...
