BTC RISING WEDGE
Updated
After taking profits on the falling wedge long - i instantly took a short
as you can see their is a rising wedge formation which is a bearish structure. BTC continued to make lower lows and higher lows in HTF and failed to break above the falling wedge convincingly.
TP for now will be 46000 which is a good support - all eyes on this support as it has been retested many times and soon it will break to the downside.
Point to Ponder:
Dont marry the position - take profit aggressively as long as we are making money it doesnt matter to long or shot - it has to make sense logically and technically
as you can see their is a rising wedge formation which is a bearish structure. BTC continued to make lower lows and higher lows in HTF and failed to break above the falling wedge convincingly.
TP for now will be 46000 which is a good support - all eyes on this support as it has been retested many times and soon it will break to the downside.
Point to Ponder:
Dont marry the position - take profit aggressively as long as we are making money it doesnt matter to long or shot - it has to make sense logically and technically
Trade closed: stop reached
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