Watching the action on Bitcoin and there are so many potential scenarios.
We're currently trading within a falling wedge, a wedge that extends into the beginning of next week where we should see a new wrinkle introduced into crypto... futures.
You might be able to swing a couple trades from the bottom to the top of the wedge (or potentially just the 0.618 fib) before we move out in one direction, but as long as we're bouncing around inside this wedge, we're in high risk trade zone with no confirmed direction for our next move.
You could buy now to maximize your potential profit while setting a tight stop-loss just south of the wedge, perhaps in the 13K zone. The safest play would be to wait for a break out of the wedge before making your move. Even then, with futures opening up on Monday, a confirmation one way or the other could quickly be snuffed out.
The unpredictability and volatility of BTC is as high as its ever been. Be careful out there. Definitely not trade advice, DYOR, protect your profits.
Trade ativo
Broke north out of our wedge. Entry triggered.
Targets from here based on fibs and past performance:
1: $16,420ish 2: $17,777ish 3: $19,750ish
Nota
Shot up to test resistance as expected and was able to break it.
Nota
Broke out again, continuing towards target #2.
Nota
Target #2 hit, acting as a resistance at the moment.
Trade fechado: objetivo atingido
Target 3 hit based on our pattern. Closing this out since we've hit all three targets and it dips for a breather before attempting to break 20k later this weekend.
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