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ArShevelev
25 ott 2017 08:08

BITCOIN RISING WEDGE Short

Bitcoin / Tether USDPoloniex

Descrizione

BTCUSD should correct to 38.2 Fibonacci

Trade attivo

Trade attivo

Trade attivo

Very interesting moment.
Price meet resistance on 6200 price level, this is potential reversal zone. But on daily chart RSI now near 70 level, so we can expect upward movement to resistance of channel 6700 price.
If price break this channel up we should expect movement to 7000 — 8000 price levels.

Commento

And don't forget rising wedge is reversal pattern

Commento

Commenti
traderwean
didnt work
ArShevelev
@traderwean, yes, in 67% cases rising wedges breaks down, in 23% cases breaks up
dimisus
What was your entrypoint ? Stop loss ?
ArShevelev
@dimisus, short 6k, SL 6200. Working with Fibonacci levels 4900-4600 quite good target.
dimisus
@a.shevelev002, I havent taken this trade... but if it breaks the channel and goes down - then pretty accurate speculation :O
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