BTCUSD: Bitcoin Rising Wedge Breakout and Short Opportunity Update: TP1 Reached

BTCUSD: Bitcoin Rising Wedge Breakout and Short Opportunity

Description of the pattern: Bitcoin/USD broke the rising wedge pattern. It is retesting the broken wedge. Bearish continuation is predicted.

Trade: Short

Time Frame: M30/H1

Trade Period: Intraday / Midterm

Estimated completion time: 6-20 H1 Candle Sticks

The trend in the Timeframe: Bearish

The trend in the Daily Chart: Neutral

Trade Based On Rising Wedge Pattern

The accuracy of the pattern: 91%

Recommended Lot Size: 0.10 at 10K

Trade: Short

The Area Of The Entry: 3608

Stop Loss: 3670

Target 1:3478 / Reached

Target 2: 3250

Target 3:

Extended Targets:

Note:

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

BTCUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility