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BTC Wavetrend Analysis and Current Wedge Setup

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Reasoning Explaing on Chart

This is a neutral analysis but currently we don't see much sign of a reversal. We are at a previous intermittent support level which is marked out by the dotted gray line, but no clear sign of a bounce off of that line yet. If btc consolidates and falls below the dotted gray line, we are looking at support in the purple zone.
Not
Update: "Short" Only means that if it breaks the gray dotted line we will likely see a fall to around the 7200 zone. Long term trend is TBD by what happens with bounces off of the support levels of the wedge.
Not
Posted a new idea as neutral

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.