Temporary long to $3850 on btc after falling wedge upward break

17 ธ.ค. 2018

Finally appear to be breaking upward from the falling wedge...after tracking many potential trendlines for t it appears the trendlines that went by the candlestick bodies were most valid which made it a smaller wedge with less breakout potential so now instead of a target of 4.1k we have a more conservative price target of $3845. It could continue to bounce once we reach there but it is wise not to get ahead of ourselves....I think we still have a bigger drop and capitulation candle in our near future. For now though this situation allow for a temporary long position.

19 ธ.ค. 2018

บันทึก

s3.amazonaws.com/tradingview/snapshots/i/iNdyHAwm.png

19 ธ.ค. 2018

บันทึก

There are 2 potential targets here...the one shown in the main image of this idea is based off a falling wedge which trendlines follow the bodies of the candlesticks....however you can also make a valid falling wedge by having the trendlines follow the wicks of the candlesticks as well...hard to tell which falling wedge is more valid...but if the one that used the bodies is more valid $3850 is my price target....if the wedge with the trendlines touching the wicks is mroe valid then 4150 is the target.