WealthMurphy

BTC long setup

WealthMurphy Updated   
BITFINEX:BTCUSD   Bitcoin
We are currently forming a falling wedge that reached an old resistance area
That also matches the 0.618 retracement point from the last move

Will look into selling to old support and resistance areas.
Will trade this on leverage.


BIG picture - I am looking for a breakout of the bigger falling wedge

This may fail if the setup from the wedge fails.

Targets sent on Telegram channel.


Comment:
4h Stoch RSI seems oversold. Will update stop sell and will buy lower if it fails.

buy area sent on Telegram
Trade closed manually:
My trailing stop got reached.

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.