Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
More globally on the Bitcoin chart.
I want to supplement the previous idea, if we combine the global countertrend line with the support line that I showed on the chart, then we get a global falling wedge pattern, which is also a bullish pattern.
But at the moment the price is at the strong resistance of $22,800 I have said before that if the buyer holds this zone, then most likely we will see another bullish scenario.
And also from the technical side, there is a chance to see a correction from the upper border of the pattern or from the level of 0.618 approximately in the range of $22,200-21,900, followed by a move to $24,000(+-)
In general, as you already understood, if there is a correction, then it can be false, followed by a rebound above the local high of $23,300. A market maker can kill two birds with one stone, gather all those who believe in aggressive growth from current values and punish those who aggressively short and believe in a deeper correction.
While I am actively watching how the weekly candle will form, now from the technical side it is an important indicator, either a rebound from the upper limit or a breakdown and continuation of the bullish rally. I think you understand my train of thought.
More globally on the Bitcoin chart.
I want to supplement the previous idea, if we combine the global countertrend line with the support line that I showed on the chart, then we get a global falling wedge pattern, which is also a bullish pattern.
But at the moment the price is at the strong resistance of $22,800 I have said before that if the buyer holds this zone, then most likely we will see another bullish scenario.
And also from the technical side, there is a chance to see a correction from the upper border of the pattern or from the level of 0.618 approximately in the range of $22,200-21,900, followed by a move to $24,000(+-)
In general, as you already understood, if there is a correction, then it can be false, followed by a rebound above the local high of $23,300. A market maker can kill two birds with one stone, gather all those who believe in aggressive growth from current values and punish those who aggressively short and believe in a deeper correction.
While I am actively watching how the weekly candle will form, now from the technical side it is an important indicator, either a rebound from the upper limit or a breakdown and continuation of the bullish rally. I think you understand my train of thought.
