As I mentioned in one of my earlier threads, I think we’ve got the confirmation to open up a short position on BTC/USDT. This is because we broke out of the rising wedge (the white line). Besides this, we’ve got 3 consecutive red candles on the 4h which makes it a good short opportunity. My take profit is around the 45K level (the green line). But since we’re in a bigger general uptrend one should be careful and place a s/l.
Maybe it will find a short term support around the 47K level because of the upperline of the falling wedge (the upper yellow line) and bounce.
This is my publication #12. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.