BTC Falling Wedge

15 พ.ค. 2018

I believe that BTC has entered a falling wedge pattern. I think that sentiment is still very bullish with Consensus ongoing in NYC. I would look to enter around 8050-8075 and the bottom support of the wedge would be my stop-loss for this trade. I am looking for an upwards break of the falling wedge and will reevaluate then.

15 พ.ค. 2018

บันทึก

If BTC refuses to touch the support of the wedge again I will consider that to be very bullish and place a buy in anticipation of a breaking of the wedge.

16 พ.ค. 2018

บันทึก

Seems to be playing out well so far. Will be looking to add a little lower than this. I think the current bounce is temporary and weak.

16 พ.ค. 2018

บันทึก

I think the bounce is near, but not completely here yet. I'm setting buys around 8030 and going to bed.

17 พ.ค. 2018

บันทึก

BTC appears to be slowly, but surely following my idea. I will be looking to go long on a breakout of this wedge or on lower support of the wedge. Just watching for now.