BTCUSD: Descending Broadening Wedge
Hello Fellow Traders,
BTC has produced a Descending Broadening Wedge pattern with D being locked in last night/this morning.
It will be confirmed when price passes the downward trend line. Hopefully this bring us to 16100-16200 where we can either expect BTC to turn downwards for a little bit, or keep rising to 18200 area. I for one will be exiting if go well beyond 16200.
BTC has produced a Descending Broadening Wedge pattern with D being locked in last night/this morning.
It will be confirmed when price passes the downward trend line. Hopefully this bring us to 16100-16200 where we can either expect BTC to turn downwards for a little bit, or keep rising to 18200 area. I for one will be exiting if go well beyond 16200.
Trade active
Note
Inching to confirmaiton..Trade active
Trade closed: target reached
Confirmation met. Target is 18662
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.