BTCUSD Review
Prices may fill the wedge a bit before heading lower. Text book definition of a rising wedge is bearish. At this point better to be on the sidelines to see which way price will move within the wedge and wait for the break out.
If price breaks downward out of the wedge and closes below the break, you may by your choice have a trading opportunity. Either way look for prices in the intermediate term to remain bearish. Notice on the chart you have a series of patterns that have played out pretty well according to their rule of movement. That doesn't mean however that they all will all the time. Those of you who have been trading awhile know this. It's your innate feel for markets that fills the gaps and bridges the connection of inner knowledge for successful trading. That is your greatest asset. Happy trading.
If price breaks downward out of the wedge and closes below the break, you may by your choice have a trading opportunity. Either way look for prices in the intermediate term to remain bearish. Notice on the chart you have a series of patterns that have played out pretty well according to their rule of movement. That doesn't mean however that they all will all the time. Those of you who have been trading awhile know this. It's your innate feel for markets that fills the gaps and bridges the connection of inner knowledge for successful trading. That is your greatest asset. Happy trading.
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