Elvis_ben

Wedge Breakout with S/R flip and Fibonacci confluence

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COINBASE:BTCEUR   Bitcoin / Euro
The wedge has finally broken out and has created a retest and seems to be coming down crushing, hopefully it keeps going down. The support which was broken yesterday has now turned to a resistance and price bounced off the 50% Fibonacci level. The traders dynamic index has also provided extra confluence with the the green line going below the yellow market baseline. I can finally say all my conditions for this trade are met. Fingers crossed its a win.

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