BitcoinUpdated Complexity 🤍 Upwards Channel vs Rising Wedge
Hi, Our AI recognized two patterns:
From double-supporting trendlines, there's a Bullish momentum until 50k.
Here, BTC price heads to channel resistance & rising wedge resistance.
At that point, Bears will take over and break down both patterns.
- The resulting double-breakdown will be great.
- (Bearish) Upwards Channel
- (Bearish) Rising Wedge
From double-supporting trendlines, there's a Bullish momentum until 50k.
Here, BTC price heads to channel resistance & rising wedge resistance.
At that point, Bears will take over and break down both patterns.
- The resulting double-breakdown will be great.
Trade closed: target reached
#update 1st Target Price hitCongratulations! 🥳
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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.
Related publications
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.