BTCUSD: Descending Broadening Wedge
Updated
Hello Fellow Traders,
BTC has produced a Descending Broadening Wedge pattern with D being locked in last night/this morning.
It will be confirmed when price passes the downward trend line. Hopefully this bring us to 16100-16200 where we can either expect BTC to turn downwards for a little bit, or keep rising to 18200 area. I for one will be exiting if go well beyond 16200.
BTC has produced a Descending Broadening Wedge pattern with D being locked in last night/this morning.
It will be confirmed when price passes the downward trend line. Hopefully this bring us to 16100-16200 where we can either expect BTC to turn downwards for a little bit, or keep rising to 18200 area. I for one will be exiting if go well beyond 16200.
Trade active
Note
Inching to confirmaiton..Trade active
Trade closed: target reached
Confirmation met. Target is 18662
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