BTC NEXT MOVE: RISING WEDGE
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BTC is forming a rising wedge, after we broke above the 38k big resistance level, we could expect a retest, this support is in confluence with the 50% of the Fibonacci Retracement, at the same time we would be touching the lower trend line of the wedge. From there we want to watch price action to see what happens.
On the other hand, if we break from above and above the 42k resistance level, we will go to 43k, 44k then 45k.
Expecting a little retracement before!
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What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
WHY FOLLOW?
• 4 Years of experience
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
...................................................................................................................................................................................
BTC is forming a rising wedge, after we broke above the 38k big resistance level, we could expect a retest, this support is in confluence with the 50% of the Fibonacci Retracement, at the same time we would be touching the lower trend line of the wedge. From there we want to watch price action to see what happens.
On the other hand, if we break from above and above the 42k resistance level, we will go to 43k, 44k then 45k.
Expecting a little retracement before!
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
Commentaire:
Rectangle formed on low time frame, look at my last post to know more
Trade fermée: cible de profit atteinte:
Targets closing, we reached first target, 38.6k
now we want to see 38k. Keep in mind we want 38k to hold not to break below
now we want to see 38k. Keep in mind we want 38k to hold not to break below
