Dear Investors
Observing BTCUSDT on the H1 Timeframe, I identified a wedge pattern accumulation
We can also see that Price recently created a bullish reaction within the price range of 15,700 to 16700.
This means that we have 2 potential scenarios that could play out
1. If price will create a bearish reversal, it could begin with a bearish breakout from this wedge
2. If price will create a bullish continuation, it could begin with a bullish breakout from this wedge
Therefore;
I will be observing price action for my confirmation based on these 2 possible scenarios
Always remember that anything can happen, therefore stay "rigid" with your Rules and "flexible" with your expectations.
( previous setup attached below)
Observing BTCUSDT on the H1 Timeframe, I identified a wedge pattern accumulation
We can also see that Price recently created a bullish reaction within the price range of 15,700 to 16700.
This means that we have 2 potential scenarios that could play out
1. If price will create a bearish reversal, it could begin with a bearish breakout from this wedge
2. If price will create a bullish continuation, it could begin with a bullish breakout from this wedge
Therefore;
I will be observing price action for my confirmation based on these 2 possible scenarios
Always remember that anything can happen, therefore stay "rigid" with your Rules and "flexible" with your expectations.
( previous setup attached below)
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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.
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.