Hi there,
It appears BTC has fallen into a Falling Wedge pattern. The price appears to be rejecting the resistance of the wedge. If it fails to break this could be a good scalp down towards the neckline of the H&S on larger timeframes of 12H/1D. It could also wick down to support of the wedge. Trade carefully. These are volatile times.
Targets:
$92,000
$90,800
Thank you for taking time to look at my analysis
Any feedback/insight into my idea is greatly appreciated.
It appears BTC has fallen into a Falling Wedge pattern. The price appears to be rejecting the resistance of the wedge. If it fails to break this could be a good scalp down towards the neckline of the H&S on larger timeframes of 12H/1D. It could also wick down to support of the wedge. Trade carefully. These are volatile times.
Targets:
$92,000
$90,800
Thank you for taking time to look at my analysis
Any feedback/insight into my idea is greatly appreciated.
Ordine annullato
Pattern invalidated, broke out of the falling wedge with no volume whatsoever and began going up in a rising wedge instead. Still no volume, wondering whether it was a fakeout.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.