ssari
Short

BTC (Y20.P3.E10).Wedge with demand zone

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi All,

I think this is a good entry spot with some positive signs.

> Wedge formation
> In a previous demand zone
> Potential cradle setup on the daily
> Bullish div on the 6 hrly

First profit level at 9300



Cheers,
S.Sari

Bullish div . on the 6 hrly
Comment: Now looking for signs for another leg up or down\rejection to the bottom of this wedge for another attempt
Comment: Just a reminder, we are in a reversal pattern and I call the top as a diamond pattern
Comment: I think 9700 is a long shot, but who knows

Comments

you marking this short, but your trade setup is long?
or am i missing something?
Reply
ssari ezpi
@ezpi, it is long, 9300 to 9700 potentially. Its also potentially short based on 8950 resistance area. This is the critical area. This price action is really setup for two scenarios from here. I'm leaning towards long.
Reply
ezpi ssari
@ssari, so your key level is 8950 - if it stays under youre going short?
on your chart it shows long from 87xx

i understand your long position here.
its similar to mine.
however i dont understand your short position whatsoever. makes no sense at all and contradicts the long position.....or???

also i typically dont regard people posting up AND down trades as viable.
pick one.
you cant trade both ways.
Reply
agreed
Reply
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