BTC: FORMING BEARISH PATTERN IN LTF! STAY CAUTIOUS!!
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Welcome to this BTC update.
BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to 19k-19.5k level.
Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated.
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Welcome to this BTC update.
BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to 19k-19.5k level.
Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated.
if you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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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.