BitcoinLong
BTC inside a falling wedge
Updated
Good morning trading guys,
and welcome back to another small chart analysis by your famous "triangle trader" aka Muckrah.
Since latest pump inBTCUSD on the 8th of february I am monitoring the chart. First it looked like a bull flag, but now it seems to form a falling wedge where Bitcoin is trapped inside the lines. Many people outside are waiting for a decision whether it will go down again with a big dump - let it call an inverse Bart - or another (big) pump.
I believe in Crypto, Blockchain and Bitcoin and think that the hibernate will be over soon. With other words I am (very) bullish.
Now I am sitting here in my office waiting for the pump (yes, I think it is going up next). Next target is around 3700 $. I am so excited...
What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.
See you guys, trade on, Muckrah
By the way: this is just an idea and no trading advice. So trade on your own risk - like I do :)
and welcome back to another small chart analysis by your famous "triangle trader" aka Muckrah.
Since latest pump in
BTCUSD on the 8th of february I am monitoring the chart. First it looked like a bull flag, but now it seems to form a falling wedge where Bitcoin is trapped inside the lines. Many people outside are waiting for a decision whether it will go down again with a big dump - let it call an inverse Bart - or another (big) pump.I believe in Crypto, Blockchain and Bitcoin and think that the hibernate will be over soon. With other words I am (very) bullish.
Now I am sitting here in my office waiting for the pump (yes, I think it is going up next). Next target is around 3700 $. I am so excited...
What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.
See you guys, trade on, Muckrah
By the way: this is just an idea and no trading advice. So trade on your own risk - like I do :)
Note
For a short time we left the edge and the chart went down. But one second later it was back trapped inside the wedge. Go on BTC, as always: we need more volume to pump it up to moon :)Note
We are still inside the wedge, bounced on the bottom of the edge and are now on the way up. I think we will see another bounce back to the bottom later the day... and then back up again... always inside the edges of the wedge.Note
Ok, now the chart is close to the upper side of the wedge. But we need more volume, it is always the same... more volume and we will see a nice pump, but resistance is strong in these ranges...Come on trader guys, come on :)
Note
Still inside the wedge, knocking on the upper edge again and again.I am so excited what will happen tonight with the chart...
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.