Bitcoin / TetherUSShort
Early Morning Rising Wedge
Updated
Good morning all! Analyzing the current price structure of bitcoin is becoming part of my daily routine.
It appears to be forming a rising wedge today on the hourly.
If so this would be bearish more often than not.
Whichever way it breaks, wait for an increase of volume on the breakout.
Thoughts, Likes and comments are appreciated. Thank you.
It appears to be forming a rising wedge today on the hourly.
If so this would be bearish more often than not.
Whichever way it breaks, wait for an increase of volume on the breakout.
Thoughts, Likes and comments are appreciated. Thank you.
Note
Well, the rising wedge is breaking upwards. I should have shown targets for an upward break too. I think somewhere around 58.8? I still did not take this trade even when I saw it moving up. This is a clearly frustrating market and it's easy to let emotions get the best of you. Unfortunately this was a missed opportunity to go long. But there will always be another opportunity.
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