Here's a quick Look at BTC 4 hr chart . As we can see, the price has been forming a falling wedge and we could see a break to the upside soon! If the price breaks above the falling wedge , the target is all the way at 70k! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
The drop from the top is also corrective in nature...
At this moment the price is under 60k support and, for a signal that the correction is over, bulls need to drive the price back above. In this instance we can expect a new ATH soon and 70k round figure could be our target
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The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
1. 63.5k
2. 67k
3. 70k
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If you like the content, then make sure to comment and like the post!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
The drop from the top is also corrective in nature...
At this moment the price is under 60k support and, for a signal that the correction is over, bulls need to drive the price back above. In this instance we can expect a new ATH soon and 70k round figure could be our target
-------------------------------------------
The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
1. 63.5k
2. 67k
3. 70k
-------------------------------------------
If you like the content, then make sure to comment and like the post!