BTC Analysis February 23th, 2022
BTC forming a descending broadening wedge pattern, BTC is creating the perfect price action for a breakout. I am still waiting for a clear break of structure before looking for long opportunities in the market, MACD is showing bullish momentum, RSI and OBV are neutral.**Trade Idea:**
- Watch for bullish pressure at the blue resistance to retest and break the upper resistance
- Enter with stops below the value low (36000ish)
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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.