BTC ascending wedge looking bearish
Ascending wedge = bear signal
Enrty after pattern break out , target equal or a bit less thanthe lenght of the previous downtrend start of the pattern formation)
Price a bit above the top resistance od the wedge to avoid stop loss hunting wicks
Just an oppinion not financial advise
Enrty after pattern break out , target equal or a bit less thanthe lenght of the previous downtrend start of the pattern formation)
Price a bit above the top resistance od the wedge to avoid stop loss hunting wicks
Just an oppinion not financial advise
Nota
This wedge just became an ascending channel took profits on the scalp after entering a short at the top of the channel to maximise profits however if you do this place a tight stop loss because if it break the channel resistance it will keep going up probably up to 4150. If you want a safe entry when the channel breaks wait for confirmation of st lesdt 1h candle that closes below the support or resistance of the channel but looking st the 16 h chart it has a price flip signal on it on TD SEQUENTIAL SO EVEN IF WE GO UP we will probably go down by the end of the weekend.
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