mkerner861

Bitcoin Busted Triangle

Long
BITSTAMP:BTCUSD   Bitcoin
Check my last idea to get caught up to speed . Didn’t play out exactly as expected but I think still same general idea. We have a very clean falling wedge we need to break out of for now to see any sort of upward momentum. Technical price target of the wedge breaking to the upside would be the top of the wedge. Also in nice confluence with massive volume on the VPVR . Still think we go up here, closed my previous long in small profits and I am in another entry at 32800 with very low leverage . I’ll be layering in if the price goes down , until about 29500. If we close decisively below that I’m gonna walk away. As I said check my last idea for a bigger time frame and more VPVR levels. I’m looking to take profits around $40,000 and some more at $45,000. Good luck guys, stay safe .
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