10/24/2024 BTCUSDT another wedge pattern
Bitcoin is forming a wedge pattern again on the 15-minute chart. Currently, a wedge is emerging during the B wave of the green ABC correction. Wedges generally have a good risk-to-reward ratio, so even if the win rate isn’t great, it seems wise to enter. I plan to enter short position if the price moves downward at the top point of the wedge, around 68100-68200. And stop loss when it break wedge line. 68700.
Be careful when chart break the top wedge line, it shoot up really fast.
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