Daily review of BTC interval 4H
Hello everyone, I invite you to a short discussion of the Rising Wedge formation created on the BTC chart.
We can observe the formation of the Rising Wedge, which is characterized by a bottom exit from the channel.
For a possible play, you should keep the stop loss at $ 21,630, while entering positions in the marked channel, but the safest will be at $ 20,755, after leaving the channel at the bottom.
The target that can be taken into account is around $ 19,686.
Please watch the EMA Cross 10 and 30 when the red line crosses the green from above to confirm this entry into a downtrend.
We can observe the formation of the Rising Wedge, which is characterized by a bottom exit from the channel.
For a possible play, you should keep the stop loss at $ 21,630, while entering positions in the marked channel, but the safest will be at $ 20,755, after leaving the channel at the bottom.
The target that can be taken into account is around $ 19,686.
Please watch the EMA Cross 10 and 30 when the red line crosses the green from above to confirm this entry into a downtrend.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.