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BITCOIN (BTCUSD) Rising Wedge Short Opportunity

Bitcoin forms rising wedge with higher highs and higher lows, signals bearish continuation trend.

I am going to follow the price breaks below the trendline and maybe retest the entry point.

Also wanted to take notice of RSI Divergence which hints bearish signal!!

I will open position and take profit regarding to below levels;

Short Position

Entry Point: 55450.00

1st Target: 50500.00

2nd Target: 44000.00

Stop Loss: 57500.00

BITSTAMP:BTCUSD

Thank you and stay tuned for more strategies!
Please leave a like and comment what you think.
Trade safe and have a nice Sunday

gorkemaydogan

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gorkemaydogan

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