Hi guys, after all today's all destruction in market btc is moved to a falling wedge position in 1 to 4 hrs chart and most of the times it has been observed in 80 percent cases falling wedge push the price to bullish reversal so it is very optimistic situation and we can hope for soon a bullish reversal at least to the previous position which can further push the rate to 7000 to 7100 the target price.
Trade closed manually
Now BTC has broken the breakdown of previous 1 hr descending triangle now it will continue down to day chart's pennant support which is 6000 to 6100Trade closed manually
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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.