Falling wedge for BTC

Updated

Plain and simple. Tomorrow, february 18th, will be a crucial day for the BTC, as there is room for one more candle inside the wedge. If BTC closes a candle above the wedge, consider LONG positions. Otherwise, expect BTC to bounce off the next support area. We'll might see a stronger rally in the coming months approaching the halving event.

Note

Attempted to break out upwards, but quickly got rejected, touching the upper segment. We stil got the whole day to see where it will lead us.

Note

In the 4H chart, we have one candle confirmation. Hope we achieve it in the 1D chart.

Trade active

Reached $9900, might find resistance at the big even.

Trade active

Pushed higher than $10,000. Falling wedges always work. Happy trading.

DerickZ

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