We are reaching to the end of the wedge, here we expect a breakout.
In these kind of situations professional traders would not open positions but instead observe the direction of the momentum change, to be on the safe side.
We recommend the same thing. The red lines correspond to the wedge, take your positions according to which side BTC will choose to breakout.
The blue lines and 50-100-200 MAs are resistances if we go upwards, supports if we go downwards.
Open positions partially and smartly. Distribute your risk and look always at the risk reward ratio.
Stay calm, play smart!
Cryptocholics out, Peace out...
In these kind of situations professional traders would not open positions but instead observe the direction of the momentum change, to be on the safe side.
We recommend the same thing. The red lines correspond to the wedge, take your positions according to which side BTC will choose to breakout.
The blue lines and 50-100-200 MAs are resistances if we go upwards, supports if we go downwards.
Open positions partially and smartly. Distribute your risk and look always at the risk reward ratio.
Stay calm, play smart!
Cryptocholics out, Peace out...