(BTC/USD on TradingView), here's a breakdown of what can be interpreted:
Chart Type: Candlestick chart for BTC/USD.
Pattern Drawn:
Support and Resistance Zones are marked.
Rising and Falling Wedges, and possible bullish flag/pennant patterns are drawn.
A measured move projection (yellow and red arrows) from the recent high to the support line is illustrated.
This looks like a technical analysis setup predicting a bearish move from current levels down to the support level, based on pattern completion and price action history.
Would you like help confirming this pattern, calculating targets, or strategizing trades based on this setup?
Chart Type: Candlestick chart for BTC/USD.
Pattern Drawn:
Support and Resistance Zones are marked.
Rising and Falling Wedges, and possible bullish flag/pennant patterns are drawn.
A measured move projection (yellow and red arrows) from the recent high to the support line is illustrated.
This looks like a technical analysis setup predicting a bearish move from current levels down to the support level, based on pattern completion and price action history.
Would you like help confirming this pattern, calculating targets, or strategizing trades based on this setup?
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.
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.