Bitcoin has formed a falling wedge pattern, the retest as already happened with two candles already closing and the third one currently forming.
There is a possibility that it can form another retest before finally moving upwards and this would be the time to enter a buy position (119.223) and ride the move upwards all the way to 131.350
Alternatively one can wait to see whether price will move upwards and respect the resistance level and move downwards for a sell.
There is a possibility that it can form another retest before finally moving upwards and this would be the time to enter a buy position (119.223) and ride the move upwards all the way to 131.350
Alternatively one can wait to see whether price will move upwards and respect the resistance level and move downwards for a sell.
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.