Bitcoin | Falling Wedge Formation in 1h timeframe..!!

#BTC #BTCUSD (update)


In 1h timeframe, Bitcoin Has been forming Falling Wedge Pattern & RSI printing Bullish Divergence as well (Bullish)

Expecting Upside Wedge Breakout but Bulls Need Some Volume ..!!

In Case of Breakout, Target Would be Around 10780. (Bitcoin Might Retest 9940 As well Before Upside Move)





Rising Wedge Already Broken Down With Strong Bearish Volume But So far Bulls Defending the KEY Support Area (10.2k-10.4k)

Now, If Bulls lost the Support Area, Expecting Another Bearish Wave towards the 9.6k (Unfilled gap)

In Case of Bounce Back From Here, Bitcoin might retest the 11k Resistance AREA .(For that Bulls Need Strong Volume)


Bitcoin Dominance




In Weekly timeframe, Bitcoin Dominance Has been Moving in Descending Channel & At the Moment, Holding Major Support Area (60%)

According to Channel formation, I'm Expecting Another Lower High (Might test the 64% ) in Coming days.

IMO, It's not a Good time to Buy or HOLD altcoins Because Majority of Alts Already at PEAK & Need Correction for Another Bullish Wave📈


FYI, FYI, There is a Unfilled CME gap as Well in 9645-9925 Range. (We're So Close)




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