red support line must hold, we have a descending broadening wedge pattern, that orange resistance line is a critical level that we must flip into new support!
You can wait to flip orange line, or use red line as SL, imo wait for orange line flip, set alerts
Note
BITCOIN UPDATE nice pump out of the resistance, but bears won their and brought it back down, if you used the red support line as SL and took profits on the breakout you should have made ok money, so congratulations!
we could come down to the 200MA (aqua line)
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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.