BTCUSDT 1D 17/8/22
BTC is at a crucial level here. It is still showing some lower time frame bearish price action.
It is showing a perfect rising wedge pattern on daily time frame and is moving inside the pattern sill.
This pattern is a bearish biased pattern.
If it breaks below the lower trendline we could be heading way deeper south before another bounce. The next support areas are around $19324 and $19820.
BTC needs to break above this trianle ($24000) for a bullish momentum.
It is showing a perfect rising wedge pattern on daily time frame and is moving inside the pattern sill.
This pattern is a bearish biased pattern.
If it breaks below the lower trendline we could be heading way deeper south before another bounce. The next support areas are around $19324 and $19820.
BTC needs to break above this trianle ($24000) for a bullish momentum.
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