BTC Rising Wedge - Short position at 38k
BTC has recovered well from its recent dump into the mid 30's area. It's creating a rising wedge in a falling market which is a low risk high probability short entry target to watch. I've posted previously that I expected BTC to bounce around for a few weeks now which means you must be careful and patient about you entries.
Started my short position in the 38k area, break out to the high side of the wedge and I will stop out in 39k range. Target for short profit is 35.2k. I will hold some small short position long term for if we break down to 30k.
Started my short position in the 38k area, break out to the high side of the wedge and I will stop out in 39k range. Target for short profit is 35.2k. I will hold some small short position long term for if we break down to 30k.
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