Get a sense of BTC short term direction based on this wedge
Updated
15 min chart of BTCUSD shows a rising wedge. Usually these break downwards, which is what I expect. However, all eyes on BTC now, volume low, and 10k major support holding could cause this wedge to break either way. Just watch for a close of a 15 minute candle outside of the trendline and this should give us an idea of where BTC will drift over the next 24 hours or so.
This chart is for educational purposes. Feel free to comment and ask any questions. Happy trading!
This chart is for educational purposes. Feel free to comment and ask any questions. Happy trading!
Trade closed: target reached
The wedge broke out downwards as expected and pushed the price back down to 9.3k. New chart coming soon.
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.