It has been a while since i posted but we're back!
BTC broke a short-term trend line and looks like its forming a risingwedge.
The blue trend line where the circle is situated is the downtrend so i am expecting some resistance in this area.
RSI would also be oversold in this area so there will be room to go down.
I am looking for a reversal candle in this area to open a quick short.
I am not saying this will happen, everything can happen... But this is the situation I want to see before opening a trade. If this does not happen i will wait for other opportunities.
Know your strategy, know what you want to see and let the market come to you, don't chase it.
May the force be with you!
BTC broke a short-term trend line and looks like its forming a risingwedge.
The blue trend line where the circle is situated is the downtrend so i am expecting some resistance in this area.
RSI would also be oversold in this area so there will be room to go down.
I am looking for a reversal candle in this area to open a quick short.
I am not saying this will happen, everything can happen... But this is the situation I want to see before opening a trade. If this does not happen i will wait for other opportunities.
Know your strategy, know what you want to see and let the market come to you, don't chase it.
May the force be with you!
Trade closed: target reached:
Now we wait for other opportunities.