Bitcoin

Rising Wedge On BTC/USD

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We have what seems to be a rising wedge on BTC/USD, a break out of this could make for a very good trade setup. A close of a candle outside of the wedge would be the entry confirmation. Taking a look at the Weekly chart we have had a huge run up and formed a doji against a level of resistance, in my oppinion we may see a slight correction, as price cant simply just run up in a straight line, thus i am looking for a short out of this wedge. Trade what you see not what you think, if it breaks to the upside then my oppinion on a short was wrong and ill be entering to the upside.

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