BTC to fall from a rising wedge? SHORT
Updated
BTCUSD on the 15-minute chart appears to have formed a rising wedge pattern which typically
forecasts a breakdown and a fall in price. Overlaid is the LuxAlgo predictive model-based
on a gaussian regression line ( top shelf mathematics) with a lookback to the left for similar
patterns on which to found the forecast. The algo indicator validates a bias for a fall in price.
I will take a partial on my long positions here and save the profits for a re-entry when a firm
uptrend is noted.
forecasts a breakdown and a fall in price. Overlaid is the LuxAlgo predictive model-based
on a gaussian regression line ( top shelf mathematics) with a lookback to the left for similar
patterns on which to found the forecast. The algo indicator validates a bias for a fall in price.
I will take a partial on my long positions here and save the profits for a re-entry when a firm
uptrend is noted.
Note
Trade closed: stop reached
BTC pushing to 70k again.Note
Note
Trade active
Now trading long after geopolitical risk is at least on pause
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