alright, this is high risk trade.
as you see, we are seeing somewhat triangle wedge. looks bearish but, if 7350 holds, we can see further growth. so in the end, it is bullish wedge..
this fractal, is almost same as the one when we went to 13k in the past. making rising wedge, but making higher lows,
breaking small rising wedges, but holds bottom support and boom. i remember buying btc at that area before breakout. so..
maybe magic happens again!or not....
so, we can try this. buy area is 7350~7450, and stoploss is under 7300.
target is around 8k~8.3k, top of the resistance of falling channel. so lets see what happens. if 7350 holds,
breakout could come in few days. if it breaks below, we will see lower then 7k.
but i will try...small stoploss is ok, because, this pump, if comes, if you are late, there is nothing to profit from because
it could be such small rally. plus, weekly 100/50 ma should crossover bullish so that could help something maybe..
cheers!
as you see, we are seeing somewhat triangle wedge. looks bearish but, if 7350 holds, we can see further growth. so in the end, it is bullish wedge..
this fractal, is almost same as the one when we went to 13k in the past. making rising wedge, but making higher lows,
breaking small rising wedges, but holds bottom support and boom. i remember buying btc at that area before breakout. so..
maybe magic happens again!or not....
so, we can try this. buy area is 7350~7450, and stoploss is under 7300.
target is around 8k~8.3k, top of the resistance of falling channel. so lets see what happens. if 7350 holds,
breakout could come in few days. if it breaks below, we will see lower then 7k.
but i will try...small stoploss is ok, because, this pump, if comes, if you are late, there is nothing to profit from because
it could be such small rally. plus, weekly 100/50 ma should crossover bullish so that could help something maybe..
cheers!
Comment:
weekly 100/50 ma golden crossed.
Comment:
this is forming, a descending wedge after breaking down the rising channel. most likely test 7300/7400 area and fall below.