Currently, BTC Futures are in a rising wedge, with a target of 18,550$ (if the trendline below is broken and the candle closes below it), and a minor 19,000$ support, where it might decide to retest the wedge trendline. However, as BTC followers know it might decide to break the wedge upside, but it is a smaller probability.
Note
As expected, BTC hit its first target downwards. This is minor support, which could hold for a while, even retest the wedge trendline. However, in my opinion, a base is being formed which would send BTC to its final target of the wedge. Trade closed: target reached
Okay, so BTC Futures are closed until Sunday. However, BTC/USD hit my target perfectly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.