Bitcoin market Update

Hello friend,

Hey friend, Btc view is a bit difficult right now as we are at major decision zone.

As we can see price still holding firm within the RISING WEDGE which is a potential BEAR sign. Presently, price is trading near the top zone of the wedge which will surely find its way out soonest.

Therefore, the whole idea here is to prepare us for the expected drop target from the rising wedge should incase it break down as expected.

Important support level to keep an eyes on are shown here.

Possible road map if our immediate support hold the price up.

Moreover, the oscillating indicator is extremely in red zone which is bearish in nature. If all work as expected we should see some decent correction soon on BTC.

Do take note of something important, the whole world is watching same pattern right now, I believe you guys understand this, I expect some major stop loss hunting so prepare for the worst, if you are planning to short the setup.

Best stop loss should be place above 76xx zone.

Kindly go through the chart and do leave us your comments to let us know how you feel about our view,

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Thank you.

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Closing of current 4hrs candle below this black candle will trigger a DIAMOND TOP pattern,

Yorum:

Price breakout from this inverted chart, I use this to track the price from small timeframe zone majorly for scalping purpose.

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Nice update on this inverted chart

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The inverted pattern hit immediate target here. We will have to wait for price action here to know what next.

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Going very well according to the plan