We can see a falling wedge pattern forming with RSI divergence. Picking the exact bottom can be tricky, but we can see that price has already broken out. The only concern at the moment is volume has not increased.
For this pattern, I usually target the 38.2% Fib of the overall move down and place stops below the low. This is almost a 4:1 trade.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
İşlem aktif
⋅
Stop loss below the swing low
İşlem aktif
⋅
Bitcoin might go on a tear soon, so manage trade accordingly.
İşlem aktif
⋅
Bullflag appearing. Tempted to add more to position on the break of flag pole.
Emir iptal
⋅
Bull flag failed to eventuate and out for BE. No harm done.