Possible bullish reversal pattern forming
Updated
Since my previous chart, BTC has broken down from the symmetrical triangle. Bitcoin has currently found support on the 4H 128MA.
As BTC descends from the previous pattern, it appears to be in the early stages of printing a falling wedge.
If the wedge plays out, my target buy zone will be exactly where my previous buy target was with the symmetrical triangle at approximately 9600-9800.
Overall, BTC continues to show strength and is overall bullish. I would be cautious with shorts in this market and keep your stops tight.
As BTC descends from the previous pattern, it appears to be in the early stages of printing a falling wedge.
If the wedge plays out, my target buy zone will be exactly where my previous buy target was with the symmetrical triangle at approximately 9600-9800.
Overall, BTC continues to show strength and is overall bullish. I would be cautious with shorts in this market and keep your stops tight.
Note
Note
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