Hi there,
It appears BTC has fallen into a Falling Wedge pattern. The price appears to be rejecting the resistance of the wedge. If it fails to break this could be a good scalp down towards the neckline of the H&S on larger timeframes of 12H/1D. It could also wick down to support of the wedge. Trade carefully. These are volatile times.
Targets:
$92,000
$90,800
Thank you for taking time to look at my analysis
Any feedback/insight into my idea is greatly appreciated.
It appears BTC has fallen into a Falling Wedge pattern. The price appears to be rejecting the resistance of the wedge. If it fails to break this could be a good scalp down towards the neckline of the H&S on larger timeframes of 12H/1D. It could also wick down to support of the wedge. Trade carefully. These are volatile times.
Targets:
$92,000
$90,800
Thank you for taking time to look at my analysis
Any feedback/insight into my idea is greatly appreciated.
Order cancelled
Pattern invalidated, broke out of the falling wedge with no volume whatsoever and began going up in a rising wedge instead. Still no volume, wondering whether it was a fakeout.
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.