#BTC need to clear the 18,500 resistance to Confirm the pattern!
Mis à jour
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is a falling wedge pattern?
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout
* RSI is also sowing some bullish divergences move
*If it conforms to this pattern then according to the pattern we will see a good bounce
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is a falling wedge pattern?
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout
* RSI is also sowing some bullish divergences move
*If it conforms to this pattern then according to the pattern we will see a good bounce
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
FOMC Meeting in 2:40 hours
What do you guys think?
we will see a pump or dump
Note
In this four-hour time frame
we can see a breakout of this ascending triangle pattern but we still need a confirm retest so after the FOMC meeting result if BTC drops then it will be a retest for this pattern.
But in case it break the lower support of this pattern, then the pattern will be invalidated
*There is a high probability that BTC will drop after the FOMC meeting
*RSI is also in the overbought range
Stay tuned
Note
As expected BTC drops after the FOMC meeting
Currently it look like a retest of this ascending triangle pattern
Register on Blofin and trade with me: bit.ly/Mojo1000
Free TG Daily Futures Signals: t.me/CRYPTOMOJO_TA
Free TG Daily Futures Signals: t.me/CRYPTOMOJO_TA
Publications connexes
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.