Bitcoin
Short

Possible rising wedge on XBTUSD - Potential Action

Updated
Sellng 7450 area with S/L near 7600

Great risk reward for me. Entry and stoploss provided on chart, target is the bottom of wedge.
Note
Target for entry hit, trade engaged. S/L 7620 on Deribit Perp
Note
Well in the money at this point. I am riding this trade with a stop loss at breakeven. Will reshort at 7800 if that occurs.

Target is 5900
Note
6300 is an area of interest, however. if the price stalls there i will close it.
Chart PatternsRising WedgeTrend AnalysisXBTUSD

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