If we Look at Bitcoin In Bigger Timeframes Like Weekly, We can See that the Price is in a BIG Broadening Wedge Pattern.This is a Good Pattern and Since the Price Haven't Managed to Break the Pattern, It means It is Still able to Range in This Pattern. The Price has touched The Bottom of this pattern Last week and now Is Near it. The Bullish Chance Is Pretty High Since We can also See a Regular Bullish Divergence On MACD as well (+RD) Which is another Reason For BTC to Become Bullish Pretty Easily. The Price in Midterm Should get Back above 60K.
-BTC is in a Big Broadening Wedge(Weekly Time Frame)
-The Broadening Wedge is still Reliable (No Break out yet)
-Price is near the Bottom
-(+RD) On MACD
-It can Get above 60K in Midterm
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
-BTC is in a Big Broadening Wedge(Weekly Time Frame)
-The Broadening Wedge is still Reliable (No Break out yet)
-Price is near the Bottom
-(+RD) On MACD
-It can Get above 60K in Midterm
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
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📥┃Telegram: t.me/CobraVanguard
📥┃ Social Media links: linktr.ee/CobraVanguard
📥┃Advert/Partnership: t.me/Cobravanguardsupport
📥┃ Social Media links: linktr.ee/CobraVanguard
📥┃Advert/Partnership: t.me/Cobravanguardsupport
Related publications
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.