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BTC - Rising Wedge - Possible Price Drop

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BITFINEX:BTCUSD   Bitcoin
BTC/USD is forming rising wedge pattern.

All in place:
- at least two reaction highs to form the upper resistance line, ideally three, each reaction high should be higher than the previous high
- at least two reaction lows are required to form the lower support line, each reaction low should be higher than the previous low
- ideally, volume will decline as prices rise and the wedge evolves

This information is not a recommendation to buy or sell.
Yorum:
First target 10300 as it will be retest of down-trending channel brake out.
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Pattern still valid
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30 MIN chart pattern still valid.
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BTC broke resistance of wedge
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Pullback. Looks strong but volume is not convincing
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Going down really fast. Daily volume is already higher than yesterday and we still have 13 hours of trading today.
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Approaching support - strong one.
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10300 reached like I said 5 days ago. For more updates please go to new idea
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.