Long
Bitcoin potential BIG PUMP in the next 8 days! Heres why!
Updated
In the past hours, BTC started to print new lower lows and looking at the chart, we can see a clear falling wedge.
Since a few days already, im observing the trendline on the decreasing volume.
And as written in the textbooks, a pattern like triangles or wedges, have to be confirmed by decreasing volume, which is now the case.
Whats next?
Ill wait and look for a SFP as i think that BTC will do one more wick to the downside, so the next volume candle touches the trendline.
After that, ill open a big long.
The target of this falling wedge is between 30k-31k.
Looking at the trendline, the breakout will happen in the next 8 days.
Since a few days already, im observing the trendline on the decreasing volume.
And as written in the textbooks, a pattern like triangles or wedges, have to be confirmed by decreasing volume, which is now the case.
Whats next?
Ill wait and look for a SFP as i think that BTC will do one more wick to the downside, so the next volume candle touches the trendline.
After that, ill open a big long.
The target of this falling wedge is between 30k-31k.
Looking at the trendline, the breakout will happen in the next 8 days.
Order cancelled
Falling wedge is now invalid as btc broke below support and a red volume candle broke above the daily volume trendline
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.