Setting Up For Futher Continuation

Тема в разделе "English", создана пользователем Trading Ideas, 11 ноя 2019.

  1. Trading Ideas

    Trading Ideas Участник

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    Setting Up For Futher Continuation
    Bitcoin / TetherUS BINANCE:BTCUSDT
    Dtradess
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    Thanks for checking out my idea!

    I'm seeing a falling wedge pattern. Which is a setup for bullish continuation. We're holding onto the 26 day moving average and that's a good sign for the bulls. The 12 day moving average above it(green line) could cause a pinch between the two . If we break the 26 day MA because of this we'll probably test the bottom line of the wedge again. Which leaves the possibility of breaking it. So have stops set to protect your money. What the bulls really want to see is an immediate break of the 12 day MA, and the upper trend-line in the next day or so with the momentum we currently have.

    Good luck guys! Drop me a like if this was helpful or if you found it interesting.
     
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