BTC failed to break through 35k/0.5 fib level but seems like it will break through after a retest of wedge
BTC has also formed a symmetrical triangle on 1hr chart which can break either way, but looking at previous pattern which is falling wedge it shows more upside after the retest of wedge line which is shown below in chart:
example:
(same chart)
currently I'll be looking for long from either 33.5k/0.382 fib level (33591) or
or lower line of the symmetrical triangle
BTC has also formed a symmetrical triangle on 1hr chart which can break either way, but looking at previous pattern which is falling wedge it shows more upside after the retest of wedge line which is shown below in chart:
example:
currently I'll be looking for long from either 33.5k/0.382 fib level (33591) or
or lower line of the symmetrical triangle
Note
Note
Entered 35.2k for longNote
closed 25% of trade on 0.618 fib rejection. will add it back if it retests 35k
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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.