BTC/USD Potential Downward Movement

:bulb: Trade Idea

📈 Sell Limit BTC/USD @ 18673

:dart: Target Profit 17402

:octagonal_sign: Stop Loss 19303

:x: Do not risk more than 1% of your account on each trade

:slight_smile: Good Luck!

BTC is trading withing a bearish ascending wedge. This type of wedge indicates usually a potential reversal. The price reached a strong resistance (18681). A higher correction is expected and then a move downward towards the 17402 level.
fakebreakoutFibonacciForexpriceactionSupply and DemandSupport and ResistanceTechnical Analysis

Also on:

Related publications

Disclaimer