Hello Friends,
Here we look at the falling wedge of Bitcoin. If we break and close the current resistance level we will look toward the top of the falling wedge with trailing stops for a potential break to the upside.
We will continue to play the falling wedge pattern as it is holding well.
If the current strong support at around 37K is broken we will look for short positions to ~35K and lower.
Happy Trading!
Here we look at the falling wedge of Bitcoin. If we break and close the current resistance level we will look toward the top of the falling wedge with trailing stops for a potential break to the upside.
We will continue to play the falling wedge pattern as it is holding well.
If the current strong support at around 37K is broken we will look for short positions to ~35K and lower.
Happy Trading!