BTC.USDT (Y21.P2.E6).Descending Broadening Wedge target

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

Trade attivo:

It seems its playing the channel and not the wedge.
Still bullish and will hold until this key level is broken.

Commento:

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.

Commento:

It might come to this last 4 hrly candle

Trade chiuso: obiettivo raggiunto:

Commento:

The follow up trades since then. with x6 leverage
Entry here,

another entry at point C. but better to wait. I entered.

Commento: