BitcoinShort
You like Wedges?
Updated
A lot of people are saying the bottom is in, but I disagree. I think we have yet to reach it. 5500 is the bottom for me and will probably take 1-2 weeks to get there. We'll see how this play out.
I have also entered in a small short position to hit the bottom of the green wedge.
Entry: 7480
Target: 7050
SL: 7910
I have also entered in a small short position to hit the bottom of the green wedge.
Entry: 7480
Target: 7050
SL: 7910
Trade closed: target reached
Target reached.Was expecting a longer trap at the top breaking the purple line. As it hasn't done that, I'm now waiting a bit to see what happens.
Note
Actually this trade setup is now void. Seems we could be heading down to 5500 ALOT sooner than planned. In fact we're already on the way it seems. Will post a new chart soon.Note
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