Hi Traders,
BTC demonstrates over and over as being a technical organic chart.
Hence using the descending broadening wedge approach, I have my target for the short term.
This is not to say BTC will not move sideways but most likely it will move up.
What's gong for it?
Price closing above 55500 on the daily.
Price currently above the 10 and 20 daily ema
Note the fractal and how the 34/50 blue ribbon daily ema plays its role.
or the weekly 7 ema.
All the best,
S.SAri
BTC demonstrates over and over as being a technical organic chart.
Hence using the descending broadening wedge approach, I have my target for the short term.
This is not to say BTC will not move sideways but most likely it will move up.
What's gong for it?
Price closing above 55500 on the daily.
Price currently above the 10 and 20 daily ema
Note the fractal and how the 34/50 blue ribbon daily ema plays its role.
or the weekly 7 ema.
All the best,
S.SAri
Trade active
It seems its playing the channel and not the wedge.Still bullish and will hold until this key level is broken.
Note
reassessing, its either the daily 10/20 ema as support, right now. Or we drop to point E (ABCDE structure) and along with the fib level, is the next strong support level.Note
It might come to this last 4 hrly candleTrade closed: target reached
Note
The follow up trades since then. with x6 leverageEntry here,
another entry at point C. but better to wait. I entered.
Note
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.