BTC Making a Falling Wedge in 4hr chart
Hi guys,
BTC is making a falling wedge pattern in 4 hours chart and in the next 1 or 2 days it will break out.
In classical books about TA, a falling wedge is a bullish pattern. However, in practice, it is very important to observe the side of its breakout.
I think it is more likely to have a false breakout to the downside and then a fast recovery and after that price will go to the moon as we are still in a very strong bullish market.
BTC is making a falling wedge pattern in 4 hours chart and in the next 1 or 2 days it will break out.
In classical books about TA, a falling wedge is a bullish pattern. However, in practice, it is very important to observe the side of its breakout.
I think it is more likely to have a false breakout to the downside and then a fast recovery and after that price will go to the moon as we are still in a very strong bullish market.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.