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ArShevelev
2017年10月25日早上8點08分

BITCOIN RISING WEDGE 看空

Bitcoin / Tether USDPoloniex

描述

BTCUSD should correct to 38.2 Fibonacci

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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.

評論

And don't forget rising wedge is reversal pattern

評論

評論
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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