BTC Falling Wedge waiting for a breakout
Hello fellas,
It might go down to 3000-4000 conditioned by a possible financial crisis and the capitulation of the miners before hitting new ATH ?
Take a look at this chart analysis, I see here:
- a confirmed long time falling wedge pattern waiting for breakout.
-similar crossover EMAs 50,100 with MA200 followed by a Downtrend twice( 10-20 Mar 2018 & 06-24OCT 20019).
-crossover EMAs 50,100 with MA 200 followed by a Uptrend(01-27APR 2019)
-major support 3000-3200
-second support 6000
-a possible influence of the price caused by rumors of a financial crisis and the capitulation of the miners
1. Is it a connection if we extend the downward trend line from ATH in continuation of Falling Wedge Pattern?
2. Is it a connection between Major Support Line (3000-3200) , days left until BTC Halving and Converging Trend Lines?
I am not a financial advisor, this is for educational purpose only.
This is my first post and I'm always open to constructive criticism.
Namaste.
It might go down to 3000-4000 conditioned by a possible financial crisis and the capitulation of the miners before hitting new ATH ?
Take a look at this chart analysis, I see here:
- a confirmed long time falling wedge pattern waiting for breakout.
-similar crossover EMAs 50,100 with MA200 followed by a Downtrend twice( 10-20 Mar 2018 & 06-24OCT 20019).
-crossover EMAs 50,100 with MA 200 followed by a Uptrend(01-27APR 2019)
-major support 3000-3200
-second support 6000
-a possible influence of the price caused by rumors of a financial crisis and the capitulation of the miners
1. Is it a connection if we extend the downward trend line from ATH in continuation of Falling Wedge Pattern?
2. Is it a connection between Major Support Line (3000-3200) , days left until BTC Halving and Converging Trend Lines?
I am not a financial advisor, this is for educational purpose only.
This is my first post and I'm always open to constructive criticism.
Namaste.
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.