BTC could see some gains
BTC is still moving in the falling wedge. The lower wedge trend line currently coincides with major support (blue box), golden pocket Fibonacci level and on top there is a bullish divergence on the 4h TF.
Interestingly, the daily 200-ema sits right below the blue support box providing even more support...
Thus there is a lot of confluence here and a decent chance that BTC moves up rather sooner than later. Break of falling wedge could mean price moves ~25% up.
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DISCLAIMER:
This is neither a trading nor a financial advice.
You are responsible for your own actions so do your own research.
Interestingly, the daily 200-ema sits right below the blue support box providing even more support...
Thus there is a lot of confluence here and a decent chance that BTC moves up rather sooner than later. Break of falling wedge could mean price moves ~25% up.
Comments are welcome.
Please like & follow for more TA.
DISCLAIMER:
This is neither a trading nor a financial advice.
You are responsible for your own actions so do your own research.
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.