This is a short one since it is about to happen, BTC on watch, if it breaks above red trendline > 2500, and drops back + hold the trendline, I will be looking to enter long with a potential for a break out with targets R1 and R2 above. I have left previous lines drawn to show you how accurate charts have been. S1 proved to be a safer place to enter. Last but not least, if planning to go along, which I do not recommend following me (how ironic), do NOT jump the gun. Trading on price-action means waiting until something happens before you act. Otherwise is gambling and I do not like to gamble :)
Happy trading
A breakout would be nice. Awesome how these wedges plays out every time.
Upvoted!
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Thank-you :) Watch for 2590-2600, will stall a little bit, but my gut feeling tells me there's a lot more fuel to this rip. Let's see what happens
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yep - breakout for sure. wait for the retest then get long.. yeww
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Looking strong. Let's see how that goes. Keep a watch on the volume, needs to pick up for a convincing pop.
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I sure hope so ... upvoted
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Thanks bud. I know I am not the only trader waiting to jump on board IF the break-out happens :)
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Thinking now it needs to touch & pop above 2530 to be on the safer side, that will draw more attention and then enter when it pulls back. SL just below 2480. Entering small first to average it, sell 1/3 at R1 and move stop to entry.
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Watching ETH too, looks like if it BTC gets going, ETH will break above 280
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Long ETH, small position first entry.
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Scratching this trade, breaking even here. Will look for re-entry.
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