Bitcoin BTCUSD - Rising wedge (fake) + 0.618 FIB resistance
- If we take a look at the chart, we can spot an rising wedge, which can be a fake bear trap.
- Looks like the trendline since April 2021 is breaking out!
- Also the price printed an inverse head and shoulders pattern.
- The price is fighting with the 200 daily moving average.
- We have a great multiple support around 41 000 to 45 000 USD.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
- Looks like the trendline since April 2021 is breaking out!
- Also the price printed an inverse head and shoulders pattern.
- The price is fighting with the 200 daily moving average.
- We have a great multiple support around 41 000 to 45 000 USD.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
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