#Bitcoin
as soon as we lost the 55 EMA we had a 7% decline, tbh I was expecting a retest of the descending broadening wedge , instead we fell straight down, just shows how powerful trading with EMA's are!!!
I am not worried, as long as we are inside of the ascending triangle , target is $60k
a good SL will be $37k, but again a fake out can happen so pay close attention and sometimes not being in a trade is also a position, many people are waiting for that $45k resistance to be cracked to enter again.
as soon as we lost the 55 EMA we had a 7% decline, tbh I was expecting a retest of the descending broadening wedge , instead we fell straight down, just shows how powerful trading with EMA's are!!!
I am not worried, as long as we are inside of the ascending triangle , target is $60k
a good SL will be $37k, but again a fake out can happen so pay close attention and sometimes not being in a trade is also a position, many people are waiting for that $45k resistance to be cracked to enter again.
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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.