Red Pill vs. Blue Pill BTC USD Risk-Reward Play ๐
Zooming out to the 4 hour, and drawing the falling wedge would indicate a potential now to retrace and retest the wedge. Should this bounce with volume, $61k BTC is not out of the question.
Now with that said, momma always told me not to try catching a falling knife. Especially a pizza knife. Those circular things can really do some damage if handled incorrectly.
The risk-reward setup to the savvy trader would indicate a great potential to buy, with a willingness to take a minimal stop.
Good luck friends, see you at The Falling Wedge Pizzeria. ๐
Now with that said, momma always told me not to try catching a falling knife. Especially a pizza knife. Those circular things can really do some damage if handled incorrectly.
The risk-reward setup to the savvy trader would indicate a great potential to buy, with a willingness to take a minimal stop.
Good luck friends, see you at The Falling Wedge Pizzeria. ๐