BTC Bitcoin: 1H Chart Update
Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Bitcoin ( BTC ).
The chart is self-explanatory. The price is inside a Descending Broadening Wedge pattern (locally) but still inside a Rising Wedge Pattern, when zooming out. Multiple Support and Resistance Lines are shown on the chart. I also included in the chart the 50 SMA and 200 SMA (recently death cross occurred), Ichimoku Cloud, RSI, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. The price is inside a Descending Broadening Wedge pattern (locally) but still inside a Rising Wedge Pattern, when zooming out. Multiple Support and Resistance Lines are shown on the chart. I also included in the chart the 50 SMA and 200 SMA (recently death cross occurred), Ichimoku Cloud, RSI, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
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