Rising wedge into 200 day moving average

14 Jan 2020

If this idea is invalidated. I'm going to fasten my seat belts and hope for a retest of 200 day moving average to fill my long bids. Until then my priority remains catching downwards moves.

Greed is rising, long overexposure in increasing and buyer exhaustion is beginning to increase.

My impression is that this upwards movement is caused by Iran FUD, followed by FOMO pump, which is now breaking resistance, but could dump really hard any time soon.......

14 Jan 2020

Trade aktif

if it breaks down from here, happy to only be flat usd. If bulls push up above 8600 Ill flip flat into btc with tight sl, in case we break 200 day ma resistance.

14 Jan 2020

Catatan

Shout out to Trading V2, who send me pm pointing out the wedge!

tradingview.com/u/TradingV2/

15 Jan 2020

Catatan

Reflection after pump yesterday

15 Jan 2020

Catatan

sharpening my view on it today

15 Jan 2020

Catatan

First yellow target on upper resistance of wedge should be forgotten, way to risky