BTC/USD - descending broadening wedge could push us above 10k
BTC /USD is in a descending broadening wedge on the weekly and on the last count of the move.
This formation breaks out to the upside in about 80% of cases.
Wait for a weekly close above the formation if you want to play it safe or you might end up buying the top in case this setup is one of the 20% that fail.
If you do enter now remember to keep a proper stop loss in place in case it doesn't work out.
Plain and simple chart pattern so I left out unnecessary indicators.
Good luck and let me know what you think!
This formation breaks out to the upside in about 80% of cases.
Wait for a weekly close above the formation if you want to play it safe or you might end up buying the top in case this setup is one of the 20% that fail.
If you do enter now remember to keep a proper stop loss in place in case it doesn't work out.
Plain and simple chart pattern so I left out unnecessary indicators.
Good luck and let me know what you think!
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