Hi guys,
BTC is edging closer to the crossroads point, around $6,800.
Ascending wedge pattern is typically a bearish continuation signal but we could see bulls reject this and push beyond the first resistance channel.
If bulls achieve this, we could expect a throwback to the resistance, where BTC should then find support to continue uptrend (white line).
If bears win the battle, the ascending wedge pattern will also complete a bearish h&S pattern. Expect a rapid decline to the $6,000 / 5,800 support area below, before correcting.
BTC is edging closer to the crossroads point, around $6,800.
Ascending wedge pattern is typically a bearish continuation signal but we could see bulls reject this and push beyond the first resistance channel.
If bulls achieve this, we could expect a throwback to the resistance, where BTC should then find support to continue uptrend (white line).
If bears win the battle, the ascending wedge pattern will also complete a bearish h&S pattern. Expect a rapid decline to the $6,000 / 5,800 support area below, before correcting.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.