Daily chart,
The Bitcoin
BTCUSD has just formed a falling wedge pattern, down from the highest High 109356.
Some consolidation may happen in the range 86000 to 82000.
Closing above 86000 for 2 days will give a strong buy signal for a bullish movement, and the target will be 118150 passing through the shown resistance levels.
Consider the Stop Loss below 82000
Note: Always place a near profit protection level, as the BTC is volatile.
The Bitcoin
BTCUSD has just formed a falling wedge pattern, down from the highest High 109356.Some consolidation may happen in the range 86000 to 82000.
Closing above 86000 for 2 days will give a strong buy signal for a bullish movement, and the target will be 118150 passing through the shown resistance levels.
Consider the Stop Loss below 82000
Note: Always place a near profit protection level, as the BTC is volatile.
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.
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.