It appears that rising wedge pattern is appearing on BTC daily chart and there are highly chance that we can see some decline in immediate future; probably early next week!
If the pattern breaks out and BTC start declining I assume first target will be $21800 where we can see some sideways movement. If BTC will break down this level and start falling down, it can go up to $19200.
Another possible scenario here is BTC will touch bottom support line and start going up to touch upper resistance line. If this scenario will playout, it can reach to $25900-$26000 in a week or so.
What do you think that what will happen? BTC will go down to $19200 in next week or two?
If the pattern breaks out and BTC start declining I assume first target will be $21800 where we can see some sideways movement. If BTC will break down this level and start falling down, it can go up to $19200.
Another possible scenario here is BTC will touch bottom support line and start going up to touch upper resistance line. If this scenario will playout, it can reach to $25900-$26000 in a week or so.
What do you think that what will happen? BTC will go down to $19200 in next week or two?
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.
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.