Hello all. Looking at BTCUSD on the 4hr timeframe, we see a formation of an ascending wedge which is a bearish pattern.
This pattern signals a breakout to the downside with a measured target of $19,000.
Levels of resistances to keep an eye on are the descending line of support, and the psychological price level of $20,000. Both levels are marked with dotted lines.
We are looking for a possible 10% drop if the target of $19,000 is hit.
Happy Sunday...
Thanks for reading, and stay tuned. Enjoy.
This pattern signals a breakout to the downside with a measured target of $19,000.
Levels of resistances to keep an eye on are the descending line of support, and the psychological price level of $20,000. Both levels are marked with dotted lines.
We are looking for a possible 10% drop if the target of $19,000 is hit.
Happy Sunday...
Thanks for reading, and stay tuned. Enjoy.
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.