Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update. Our previous BTC chart got invalidated and BTC made a new low of $17.6k
Now, BTC is forming a falling wedge pattern n 2hr time frame. Also, forming a bullish divergence in RSI. Expecting some bounce from here.
If it breaks the wedge to the upside then we can expect a good rally to $21k-$22k in the next few days.
Invalidation level:- If any 2hr candle closes below $17K then this wedge pattern becomes invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update. Our previous BTC chart got invalidated and BTC made a new low of $17.6k
Now, BTC is forming a falling wedge pattern n 2hr time frame. Also, forming a bullish divergence in RSI. Expecting some bounce from here.
If it breaks the wedge to the upside then we can expect a good rally to $21k-$22k in the next few days.
Invalidation level:- If any 2hr candle closes below $17K then this wedge pattern becomes invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Note
BTC is going perfectly so far as we predicted. It is breaking out from the falling wedge but still, we need to break above the yellow ma. We need to break and close above the yellow ma for further growth. Till then trade carefully and don't trade without SL.
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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.