BTC Bitcoin 4hr falling wedge reversal pattern breakout

BTC Bitcoin 4hr falling wedge reversal pattern breakout forming. We could break in the next few bars. Target is around 104k. Would be a great start of the week for the market.

Note

First attempt was rejected. Let's see if we get another one. A break below 96K could signal we're going to test the bottom of the wedge again.

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We're going to know in the next few hours if we're breaking out or being rejected again.

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We broke out! Now let's wait for a retest. I'm putting some buy orders near 98K. 1st target 102k

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It was a fakeout and the re-test failed. We now have a red dot forming on the 4hr. Another fail and this might dump to the lower trendline.

Trade active

We touched the bottom trend line as predicted and now have broken out of the wedge and successfully retested in. We are in the trade with 104k target.

Note

wow we got pushed back into the wedge again. very weak bullish behavior. we have our SL below the bottom trendline.

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