Bitcoin - The Perfect Wedge Workout
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Friends, I still waited for the cherished $30,000, the take-off for someone may have been unexpected, but I wrote about it for a month and gradually averaged the LONG position.
Technical: bitcoin broke through the $27,350 resistance (upper part of the wedge) and we saw a sharp rise in price to the $30,000-30,500 zone, the perfect wedge working out. take note for yourself of similar patterns in trading, they help to understand the development of levels well.
I fixed 80% of my position and managed to withdraw 51% of the deposit with 3X leverage. I think this is not a bad result of a positional trade.
I will leave the remaining 20% until a possible test of the $31,500-$32,650 zone, the stop put in plus at $27,350.
Thoughts so far are: it is definitely worth waiting for a rollback, perhaps even by 1000-1500 points (not a signal to go short!) After such a strong growth. At the moment, the $28,350 zone does not look like a bad support from the technical side, perhaps the reaction of the buyer above the previous $30,990 High will come from there.
Friends, I still waited for the cherished $30,000, the take-off for someone may have been unexpected, but I wrote about it for a month and gradually averaged the LONG position.
Technical: bitcoin broke through the $27,350 resistance (upper part of the wedge) and we saw a sharp rise in price to the $30,000-30,500 zone, the perfect wedge working out. take note for yourself of similar patterns in trading, they help to understand the development of levels well.
I fixed 80% of my position and managed to withdraw 51% of the deposit with 3X leverage. I think this is not a bad result of a positional trade.
I will leave the remaining 20% until a possible test of the $31,500-$32,650 zone, the stop put in plus at $27,350.
Thoughts so far are: it is definitely worth waiting for a rollback, perhaps even by 1000-1500 points (not a signal to go short!) After such a strong growth. At the moment, the $28,350 zone does not look like a bad support from the technical side, perhaps the reaction of the buyer above the previous $30,990 High will come from there.
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