Looking for a breakout of this current trending wedge pattern. If it happens we could run this baby right back up where it came from. It appears this last month was a successful attempt to grab as much BTC from new investors as possible. Not saying I agree with the tactic... AT ALL. But it seemed to work for those who orchestrated it.
We will be entering/ adding more to our previous idea for the long run.
For this idea:
Entry parameters: Enter on the break and retest of the wedge pattern
Entry 1: $37,800
TP1: $44,500 this zone is the 1.618 Fibonacci extension from the last high to the last low.
TP2: $51,300 this zone is the 2.618 Fibonacci extension from the last high to the last low. You may be wise to front run those waiting for this target just below the psychological level of $51,000.
Happy Trading! Go get your bag!
We will be entering/ adding more to our previous idea for the long run.
For this idea:
Entry parameters: Enter on the break and retest of the wedge pattern
Entry 1: $37,800
TP1: $44,500 this zone is the 1.618 Fibonacci extension from the last high to the last low.
TP2: $51,300 this zone is the 2.618 Fibonacci extension from the last high to the last low. You may be wise to front run those waiting for this target just below the psychological level of $51,000.
Happy Trading! Go get your bag!
Trade closed: stop reached:
Trade invalidated