Hey guys,
if you all remember our last post where I suggest longing from the immediate support towards 7800$ zone, by now this long call is looking good and I will believe we all secure the trade by moving to break even level.
Let get to my new market view, after the bottom of 2018 around 3177$ price has resume an uptrend move which end towards 13900$ level. Since then market has been subjected to correction. This correction take the form of an extensive correction which showcase potential falling wedge and downtrend channel formation.
in term of Potential downtrend channel with price been trapped within 200 moving average and strong trendline which price breakout from in May 2019 as a potential re-test on the trendline.
The importance of this trendline is that a break of price through it will open the door for massive sell off which will take us to the other side of the channel with 7k as immediate support and 5k7-6k as last bottom support.
Also, in the form of falling wedge formation which show case a potential upside move to at least a test on immediate resistance zone towards 8800$ - 9300$. This pattern can not be overlook as price been play perfectly playing within it. All indicator also looking good for bullish move.
As the market develop the post will be updated for your easy view of the market.
Do know that I appreciate your effort and the time spend in reading and watching my posts and Please leave a LIKE and FOLLOW us for more updates.
Thank you
if you all remember our last post where I suggest longing from the immediate support towards 7800$ zone, by now this long call is looking good and I will believe we all secure the trade by moving to break even level.
Let get to my new market view, after the bottom of 2018 around 3177$ price has resume an uptrend move which end towards 13900$ level. Since then market has been subjected to correction. This correction take the form of an extensive correction which showcase potential falling wedge and downtrend channel formation.
in term of Potential downtrend channel with price been trapped within 200 moving average and strong trendline which price breakout from in May 2019 as a potential re-test on the trendline.
The importance of this trendline is that a break of price through it will open the door for massive sell off which will take us to the other side of the channel with 7k as immediate support and 5k7-6k as last bottom support.
Also, in the form of falling wedge formation which show case a potential upside move to at least a test on immediate resistance zone towards 8800$ - 9300$. This pattern can not be overlook as price been play perfectly playing within it. All indicator also looking good for bullish move.
As the market develop the post will be updated for your easy view of the market.
Do know that I appreciate your effort and the time spend in reading and watching my posts and Please leave a LIKE and FOLLOW us for more updates.
Thank you
İşlem aktif:
İşlem aktif:
Bitcoin falling wedge formation in progress with price completed leg (abc), right now wave (cd) in progress, where wave (ow) and (wy) is already completed and left with wave (xy) which will take us to exactly 38.2% of the previous leg down from wave (xy) of big wave (b) of falling wedge pattern.
Expected target remain 8700$-9100$
Expected target remain 8700$-9100$
İşlem aktif:
This buy back zone hit faster than expected. Finger crossed to see how market develop today.
İşlem kapandı: hedefe ulaştı:
After the massive fake down, price later turn around and hit our first set target
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BEWARE OF FAKE CHANNEL & SCAMMER🎯
Official Channel: t.me/+m0IACMn0ul03OTFk ✅
REAL Weslad: t.me/WESLAD ✅
For premium Zone: t.me/wcsepayment ✅
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