BTCUSDT Formed a Rising Wedge and Broke Down.
A rising wedge is generally a bearish signal as it indicates a possible reversal during an up-trend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.
So I will be shorting BTC to the lower marked levels.
What do you guys think about BTC ?
Share your thoughts in the comments.
This is not A FINANCIAL Advice
Hit the Boost Button if you like my idea
A rising wedge is generally a bearish signal as it indicates a possible reversal during an up-trend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.
So I will be shorting BTC to the lower marked levels.
What do you guys think about BTC ?
Share your thoughts in the comments.
This is not A FINANCIAL Advice
Hit the Boost Button if you like my idea
Trade closed: target reached
Target was achieved
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.
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.