15/12/2017 - BTCUSD - Rising wedge on larger time frames
15/12/2017 - BTCUSD - Rising wedge on larger time frames
Smaller time frames are bullish, however looking from a larger time frame, we see that there has been a rising wedge for a week.
BTCUSD Longs are increasing, BTCUSD Shorts maintain around the same level. - take in mind that all those longs will take profit at some point.
Trading the breakout?
- expect a lot of stop losses getting hit (either way)
Always keen to enter a discussion here, or let me know your comments.
This is no financial advice
Trade accordingly – use SLs
Trade at your own risk
Follow me on Twitter: twitter.com/Mdsmm11
Tips are welcome, but not at all necessary
BTC: 18D82nnqc7H3P3WuSB5gtJPnkJwPzYHkEj
LTC: LUTu5GeihTGhpDUtFAiHpVAZJo24r3LVyh
ETH: 0x57575b1b0950cae3a8d10ae7443c5a0b95465c86
Smaller time frames are bullish, however looking from a larger time frame, we see that there has been a rising wedge for a week.
BTCUSD Longs are increasing, BTCUSD Shorts maintain around the same level. - take in mind that all those longs will take profit at some point.
Trading the breakout?
- expect a lot of stop losses getting hit (either way)
Always keen to enter a discussion here, or let me know your comments.
This is no financial advice
Trade accordingly – use SLs
Trade at your own risk
Follow me on Twitter: twitter.com/Mdsmm11
Tips are welcome, but not at all necessary
BTC: 18D82nnqc7H3P3WuSB5gtJPnkJwPzYHkEj
LTC: LUTu5GeihTGhpDUtFAiHpVAZJo24r3LVyh
ETH: 0x57575b1b0950cae3a8d10ae7443c5a0b95465c86
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