* 4H
The $29500 I kept mentioning in my previous analysis continues to be a strong support zone.
It seems that the expanding triangle pattern is also in progress.
This pattern usually goes up to the top line, so I think it's likely to go up first.
The current downward trend line is also broken, and it is likely to rise unless it breaks the $29,500 mark.
If the $29500 is broken, we need to restructure our strategy.
Note
* 4H
BTC has a falling wedge pattern.
Trade closed: stop reached
This analysis was invalidated because $29500 was broken.I'll make a plan again.
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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.