BitcoinUpdated BTC falling wedges possible reversal
Very simple idea. Two falling wedges; the first fake out was reversed, we have a second chance now.
Two scenarios:
1. breakout from the falling wedge & retest of 9k
2. continue in the short-term channel toward 7.5k & 7k. demand will be increasing as price falls, so I don't expect new lows.
people are selling because in the past several Sundays price had fallen every time.
that is a coincidence.
Two scenarios:
1. breakout from the falling wedge & retest of 9k
2. continue in the short-term channel toward 7.5k & 7k. demand will be increasing as price falls, so I don't expect new lows.
people are selling because in the past several Sundays price had fallen every time.
that is a coincidence.
Note
probably wasn't clear --- I think s1 more likely.Note
We have two green candles on the 4h chart now. Over 8.5k we're safe.Note
I think after we failed 9k, BTC has gone back to the accumulation zone I mentioned in my previous post. There's no dramatic 6k or 10k scenarios immediately before us. 
Note
probably should've written: no obvious dramatic ... scenarios in front of us.Note
retest of 9k is likelyNote
wow, really jumped in the last 25minNote
bull flag.Note
Going up but a rising wedge is forming w/ apex @ 9.5kMost likely will follow my original post (last post): 9.5k -> fall to at least 8k.
Note
failed 9k again. should bounce @ 8.2-8.3kNote
I actually see a rising triangle potentially forming soon. I posted the details on my YouTube channel. I plan to post daily FA & TA videos there.
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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.