this chart show us too clear rising wedge.
this indicate price will go down.
i short 50k at 45k.
stop loss 45500(previous high prise in 4h chart).
ta 1 -> 40k (10%) (3k below parallel channel)
ta 2 -> 37k (20%) (6k below parallel channel)
if price above 45500, then i think price can go 48k.
I think it will probably be difficult.
this indicate price will go down.
i short 50k at 45k.
stop loss 45500(previous high prise in 4h chart).
ta 1 -> 40k (10%) (3k below parallel channel)
ta 2 -> 37k (20%) (6k below parallel channel)
if price above 45500, then i think price can go 48k.
I think it will probably be difficult.
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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.