narushima
Long

BTC rising wedge upward breakout 3100+ targets on.

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The corrective rising wedge broke out , scaled in, target up is 3100 + for this pattern for assured profit. Only some USD from ATH breakout for ultimate confirmation, Ichimoku cloud signals positive on each and every timeframe.
Since we are on a post-majorcorrection breakout, leverage is maximum.
1.618 Fibo of complete corrective downward retracement and fully optimistic rising wedge computed target gives a 3350 + level

Check here for idea about how to compute target for a confirmed rising wedge upward breakout :
http://thepatternsite.com/risewedge.html...
Trade active: ATH breaking everywhere, goes well.
Trade closed manually: Position closed when prices crossed upper rising wedge trendline again. Target not reached.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out