Rising wedge into 200 day moving average

2020年1月14日

If this idea is invalidated. I'm going to fasten my seat belts and hope for a retest of 200 day moving average to fill my long bids. Until then my priority remains catching downwards moves.

Greed is rising, long overexposure in increasing and buyer exhaustion is beginning to increase.

My impression is that this upwards movement is caused by Iran FUD, followed by FOMO pump, which is now breaking resistance, but could dump really hard any time soon.......

2020年1月14日

交易進行

if it breaks down from here, happy to only be flat usd. If bulls push up above 8600 Ill flip flat into btc with tight sl, in case we break 200 day ma resistance.

2020年1月14日

註釋

Shout out to Trading V2, who send me pm pointing out the wedge!

tradingview.com/u/TradingV2/

2020年1月15日

註釋

Reflection after pump yesterday

2020年1月15日

註釋

sharpening my view on it today

2020年1月15日

註釋

First yellow target on upper resistance of wedge should be forgotten, way to risky