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Welcome to this BTC update.
BTC made a low of $28,700 and now I'm expecting an upside movement.
BTC is forming a descending broadening wedge pattern in the 4hr time frame. If this pattern plays out perfectly and holds the $28,700 level then we can expect it to reach the upper trendline of the wedge.
You can also open a long position here with the tight SL of $28,500 and target will be $32k-$33k
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 BTC update.
BTC made a low of $28,700 and now I'm expecting an upside movement.
BTC is forming a descending broadening wedge pattern in the 4hr time frame. If this pattern plays out perfectly and holds the $28,700 level then we can expect it to reach the upper trendline of the wedge.
You can also open a long position here with the tight SL of $28,500 and target will be $32k-$33k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
BTC is still moving in the same range. Rejected from the white dashed line. Inflows still keep coming into exchanges. Every time BTC bounces a bit inflow starts flowing into exchanges. Until these inflows stops don't expect a big rally.
As of now needs to break the white dashed line to move further. Otherwise, we might see again another drop.
Let's see how it goes.