
Break down + wolfe wave
Take profit wolfe wave : 27560$
Take profit Triangle symetrique : 25000$
Take profit Funding trade 2600$ 🙂
Un canal haussier sur le Daily la dernière bougie est dans la zone de résistance R1,c’est un niveau de prise de bénéfice donc une correction est possible à ce niveau.
Position: Short
Take profit: 110.449
Stop loss: 111.233
Risk reward: 1.59
BTC measured move = 32 600 = 3.618 fib
happy trading!
Hello traders, BTC / USD is in a triangle of symmetry with decreasing trade volume.
The price reacted on the resistance zone but it is collapsing until it comes to test the bottom of its triangle which is the horizontal support zone.
For the moment no choice taken between bulls and bears so we can make an escape upwards or downwards.
If we break from above the objective will be the breaking resistance from 40,000 before the medium term downtrend line will give way.
And at the bottom of the short term uptrend line can be a signal of a future downside.
This is not investment advice but a recommendation for use. *
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