Goodmorning.
Here today we have the bitcoin chart..
We could expect this pullback. Why? we have reached to pushes above and formed a wedge.
Not exactly the pattern wedge but the basics of a wedge 3 pushes.
The market often reverses when price makes 3 pushes (the other way).
AT the moment of writing technically bitcoin is still bullish. We need to hold this level it is a 50% pullback of prior breakout.
BUT
if we manage to go below expect a test of prior supports.
Here today we have the bitcoin chart..
We could expect this pullback. Why? we have reached to pushes above and formed a wedge.
Not exactly the pattern wedge but the basics of a wedge 3 pushes.
The market often reverses when price makes 3 pushes (the other way).
AT the moment of writing technically bitcoin is still bullish. We need to hold this level it is a 50% pullback of prior breakout.
BUT
if we manage to go below expect a test of prior supports.
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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.