Falling Wedge Pattern on 1 HR chart

26 мая 2020 г.

Hey Everyone,

Seeing a classic falling wedge pattern on the 1 hr chart. Crucial support is at 8600, with a reversal there and a break out above the top trend line, I would expect we could breakout to 9800 or higher again.

27 мая 2020 г.

Сделка закрыта: достигнута тейк-профит цена

While BTC never actually got down to 8600, it reached 8,700 and has now just broken above the trendline signifying a breakout of the falling wedge pattern. If there is a close here, wait for a pullback and then go long. First target 9.2k, second target 9,7k

27 мая 2020 г.

Заметка

Not financial advise, just my own plan and observation

1 июн. 2020 г.

Сделка закрыта вручную

Posted the wrong thing earlier, trade was active on the 27th and closed now. WIll post an updated analysis in the coming hours.