Long
Gaps and Wedges
Big question is whether this rising wedge is in fact wave 1 of an impulse up as above...
Or if it is part of a continued corrective move down as below:
Shorted yesterday's 5 waves up, and found the entry here all the same, giving initial target of (e) in the chart above:
Interestingly, just breaking out of a battle with resistance from yesterdays very interesting ‘gap up’ level:
Not often seen in bitcoin obviously because it never sleeps and there are no trading sessions. Interesting to see it yesterday:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.