Rising Wedge 7 Days-ish touches .5 Fib Line
Looking over the trend we have in place now that we are entering a full-on bull reversal it looks like we have a rising wedge forming that just happens to exactly intersect with a .5 Fibonacci line in exactly 7 days.
I'm still just over 50% of my portfolio long on
BTCUSD but considering now where my target will be for profit taking.
Seems like a good time to go long if you aren't already though. We'll see some pull backs on the way up and I'm expecting one to 9100-9200 today before we go upwards north of 9500-9600.
Target for this rising wedge is to consider taking profits in the 10,300-10,400 range if you are conservative, but you can roll the dice and it may push through above 10,400 but remember we had very strong resistance around 11,500 a few months ago, TWICE.
I'm still just over 50% of my portfolio long on
BTCUSD but considering now where my target will be for profit taking. Seems like a good time to go long if you aren't already though. We'll see some pull backs on the way up and I'm expecting one to 9100-9200 today before we go upwards north of 9500-9600.
Target for this rising wedge is to consider taking profits in the 10,300-10,400 range if you are conservative, but you can roll the dice and it may push through above 10,400 but remember we had very strong resistance around 11,500 a few months ago, TWICE.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.