BCHH20: TOP FORMATION AND RISING WEDGE?
Updated
Reason for short: Look at the wicks inside the pink box, it's clearly to me top formation and facing a retrace soon. Also forming a bearish wedge which targeting the minimum 4382 to 4300. Personally I expect a retest of the Kijun 129 which locates at 4170.
We have 2 options: Short at top of the wedge and stoploss when wedge breakout upside. Or we better wait for wedge breakdown 4500 and short the pull back with stoploss inside the wedge. Non or low leverage recommended.
We have 2 options: Short at top of the wedge and stoploss when wedge breakout upside. Or we better wait for wedge breakdown 4500 and short the pull back with stoploss inside the wedge. Non or low leverage recommended.
Note
Trade closed perfectly at 43xx for 70% gained on 5x leverage. It may drop more but until I have final confirm on BTC.D, Im not shorting. And not longing ofc.Note
Played out and done. Trade closed. Cheers guys!
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