BTCUSD SHORT Fast and Furious I need it to be.
I took a buy over night and thank goodness for stop losses am I right?
Anyway, I see a rising wedge pattern, that is more visible on the 4hr tf now it's not perfect. but it's there. Keep in mind some folks believe bitcoin cannot be manipulated. I don't believe this to be true. It moves in a pattern like everything else. Manipulation is there. Woot.
With rising wedge, your take profit is the length of the pole down if you are aggressive. Woot. My first target is really the gray filled area, support. I will close out 2 of my trades and let the other 4 run.
This will gross me 4k at my first TP
At Final TP the length of the pole it would gross me 12k, I will not hold for that long. Unless it is in fact fast and furious.
For the record, I am one of those people who believe bitcoin is going back to under 1k to fill those gaps.
Anyway, I see a rising wedge pattern, that is more visible on the 4hr tf now it's not perfect. but it's there. Keep in mind some folks believe bitcoin cannot be manipulated. I don't believe this to be true. It moves in a pattern like everything else. Manipulation is there. Woot.
With rising wedge, your take profit is the length of the pole down if you are aggressive. Woot. My first target is really the gray filled area, support. I will close out 2 of my trades and let the other 4 run.
This will gross me 4k at my first TP
At Final TP the length of the pole it would gross me 12k, I will not hold for that long. Unless it is in fact fast and furious.
For the record, I am one of those people who believe bitcoin is going back to under 1k to fill those gaps.
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