personally I'm not a big fan of unless they have very tight price action with on and momentum indicators, I also like to see falling inside a . The current on BTC fits those criteria, hence it might provide a good risk to reward trade for us.
As you can see BTC is currently working on a W shape pattern at the bottom of the around the lower support of the range. This is the price action that BTC likes to make before breaking its .
a break above 9k with good can confirm the pattern. IF that happens the target of the is going to be 10k which is the top of the range.
it's going to reach another level of minor resistance (9500 ish) inside the larger range soon.
that can be a good level to take some profit off the table and keep the rest of the position to unload it at the top major resistant of the range ( the green box).
price should not close a high time frame candle below 9100 and more important than that the 9k green box. so you can bring your stops up and manage the trade around those levels according to your risk profile.
I'm going to update BTC on the new post.
even if we break that level I would take some profit around 9300-9500 ish cause wedges are not very reliable in my experience and most of the time they fail to reach their target. we have to keep in mind that we are still in a trading range on the bigger picture and betting on the range to break before it materializes is not really good strategy in my opinion.