Falling Wedge Pattern on 1 HR chart

2020年5月26日

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.

2020年5月27日

トレード終了: 利益確定目標に到達

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

2020年5月27日

ノート

Not financial advise, just my own plan and observation

2020年6月1日

手動でトレードを終了しました

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