🔥 Bitcoin Rising Wedge Break Out: Trend Shifted!
In my most recent BTC analysis I talked about the rising wedge pattern, where BTC broke out off. My initial expectation was that we'd fall further, but we saw a retest of the bottom support before going down again.
This is bearish. Breaking out and retesting the previous support/resistance is generally seen as confirmation in the shift in trend.
I'm looking for more bearish price action over the next few days. Targets in blue.
In the longer-term the chart still looks bullish. However, that doesn't mean that we can't look for short-term shorting opportunities.
This is bearish. Breaking out and retesting the previous support/resistance is generally seen as confirmation in the shift in trend.
I'm looking for more bearish price action over the next few days. Targets in blue.
In the longer-term the chart still looks bullish. However, that doesn't mean that we can't look for short-term shorting opportunities.
Note
✅ Target 1 hitNote
✅ Target 2 hit
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.