Falling Wedge Pattern on 1 HR chart

26 thg 5, 2020

Hey Everyone,

Seeing a classic falling wedge pattern on the 1 hr chart. Crucial support is at 8600, with a reversal there and a break out above the top trend line, I would expect we could breakout to 9800 or higher again.

27 thg 5, 2020

Đóng lệnh: đạt mục tiêu

While BTC never actually got down to 8600, it reached 8,700 and has now just broken above the trendline signifying a breakout of the falling wedge pattern. If there is a close here, wait for a pullback and then go long. First target 9.2k, second target 9,7k

27 thg 5, 2020

Ghi chú

Not financial advise, just my own plan and observation

1 thg 6, 2020

Giao dịch được đóng thủ công

Posted the wrong thing earlier, trade was active on the 27th and closed now. WIll post an updated analysis in the coming hours.