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trendspassmeby

Close to a bottom now on the Hourly

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
trendspassmeby Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators
6
2
trendanalysis chartpattern indicator
8400-8520 is looking likely to be the floor after the slow grind down, now expecting an increase in price over the weekend and into Monday targeting 9000-9200 area before turning around again to test 8000
Comment:
Could top out $9600 but that move would be from fomo and exhaustive. Price moves would spike up and back down rapidly if it got that high imo.
Trade active:
Ive now entered trade after what seems to be double bottom W on the hourly chart Friday. So my trade is Long Entry 8475, SL 8375, TP 9000 but look to take some profits 8800 and increase SL accordingly.
Comment:
Ive identified a falling wedge pattern on the 15 minute chart which is bullish and gives me a tighter Stop Loss, SL is now 8440 (-35 max loss). As I write this its just breaking through the top so all good.
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