This indicates slowing movement and it usually precedes a reversal to the downside, meaning Traders should be aware of the price will down.
My strategy.
I wait for a breakout of a rising wedge pattern. If breaking down I will sell for taking profit and short BTC but if breaking up meaning the rising wedge pattern fails we can follow buy again.
***
There is also a bearish divergence signal from rsi.
***
It just my strategy, not advice
Please carefully before investing.
Good luck.
My strategy.
I wait for a breakout of a rising wedge pattern. If breaking down I will sell for taking profit and short BTC but if breaking up meaning the rising wedge pattern fails we can follow buy again.
***
There is also a bearish divergence signal from rsi.
***
It just my strategy, not advice
Please carefully before investing.
Good luck.
Order cancelled
BTC breakout change Resistance line to support line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.