If today we close with a bull candle above the wedge's bear TL, it's a breakout after a fakeout bear trap, and we're likely to see a move of about the height of the wedge itself to the upside before seeing the low of the wedge be broken. I'd not trade this setup as it is slow and generates overnight fees on CFDs, I'd rather be aware of it to trade lower timeframes with an understanding of what's happening in the bigger picture. The aim would of course be to catch the bulk of the move to the upside minimizing risk. The only thing I hate about BTC CFDs is the spread. Horrible most times. So if I trade this It'll be a 4H or 1H chart at least.
I'll let you know for sure,
have a good weekend and let me know your insights if you have any
I'll let you know for sure,
have a good weekend and let me know your insights if you have any
