Hi dear traders
BTC is in a Wedge pattern.
As you can see, It has important support that it has responded to three times so far and on the other hand, a strong resistance line that prevented it to go up twice. They will intersect in the coming days, and Bitcoin Price Action will determine the fate of Bitcoin in the coming weeks and months.
https://www.tradingview.com/x/YMnUUF7b/
Bitcoin, on the other hand, broke down the 200-day moving average resistance with a strong candle yesterday, left the distribution area, and has candles that indicate aggressive sellers, which can not be a good sign for a price increase
BTC is in a Wedge pattern.
As you can see, It has important support that it has responded to three times so far and on the other hand, a strong resistance line that prevented it to go up twice. They will intersect in the coming days, and Bitcoin Price Action will determine the fate of Bitcoin in the coming weeks and months.
https://www.tradingview.com/x/YMnUUF7b/
Bitcoin, on the other hand, broke down the 200-day moving average resistance with a strong candle yesterday, left the distribution area, and has candles that indicate aggressive sellers, which can not be a good sign for a price increase
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.