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Valeriia_Top
Jun 1, 2020 9:06 AM

BTC/USD - bear wedge 

Bitcoin / TetherUSBinance

Description

There is also a kind of bearish wedge on the chart, which can be traded after a breakage of its support. Stop-losses for $9766 or $9666. Profits are marked with green zones on the chart.
These two ideas are not an opportunity for the authors of the channel to "retrain" on the move, but just a view of the chart, to which the input can be bound.


tradingview.com/x/Jmq5zUes/.
- price exit from the bullish wedge - came in the first target, but bounced off the dynamic resistance (probably will form an amplifying signal for a breakout);
- blue zone - horizontal support level, yellow - local resistance.
Who's in position:
Stop Loss can be dragged under $9028 or after the dynamic resistance (white line) break-down/retest under $9356.
Who is without position:
It is more dangerous to enter now, but if you want to enter, you can try after the red zone breakage/test or after the same dynamic resistance. Stop-loss at $9356. Profits are the top two red zones.

Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!

Comment

Comment

for crypto fanatics, a sip of fresh water:

Trade closed: target reached

went with the second scenario.

Comment

Comments
Allec
everybody is bullish, and that's not healthy for going more up. A 3000 target is not my calc. 6400 is better
Valeriia_Top
@Allec, okay
BitcoinMaster6012
hahah, again you were wrong as always
Valeriia_Top
@BitcoinMaster6012, look at my ideas.

apologize to me!
zooaka
Lol - thought we were going down to 3K - what happannnnnn??
Valeriia_Top
@zooaka, I'm doing fine.
zooaka
@Valeriia_Top, Good job you hedged your bets by predicting all the alts to rise dramatically whilst BTC tanks to 3K ;)
XYZ-Trader-
oh man. That bearish wedge turned out to be a bull breakout. Do you still believe BTC is going test the March lows?
Valeriia_Top
@tradeMeOut, I'm going to put out some interesting thoughts today.
maximus_SSD
hahahaha
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