Bitcoin / TetherUS
Long
Updated

BTC in gaint falling wedge

12 152
BTC / USDT

BTC price is playing inside gaint falling wedge

Falling wedge is a bullish pattern but ONLY after breakout of resistance .. otherwise it can continue in downtrend movements inside it


📌 HERE IS THE NEXT PLAN :

We will wait one of these scenarios to play out

1- Breakout of multi resistance zone around 45k-46k then we can go up to test 48k-51k again

2- Continue move in downtrend until price reach one of strong supports below and there we will look for potential bullish price action


Always be reactive not predictive
Best regards 🙏
Note
Quick update for BTC here [\b]👇

BTC Triple bottom or Trap ?
Note
Falling wedge finally brokeout

Here next short term view 👇
BTC short term update

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.