BTC - FALLING WEDGE : BREAK-OUT - BUY
POTENTIAL TRADE: BTC/USDT
I am looking to enter long on this currency pair for the following reasons:
- Falling wedge chart pattern is very evident.
- Re-test of the broken wedge trend line
- Overall market structure is bullish in the higher time-frames.
- Recent range has been broken to the upside. Weak selling pressure.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
I am looking to enter long on this currency pair for the following reasons:
- Falling wedge chart pattern is very evident.
- Re-test of the broken wedge trend line
- Overall market structure is bullish in the higher time-frames.
- Recent range has been broken to the upside. Weak selling pressure.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
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.