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Bitcoin To The Moon! Falling Wedge Reversal Pattern...

Updated

Let's keep it plain and simple...

Falling Wedge Reversal Pattern

"The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower".

BITCOIN IS GOING TO THE MOON!

What's your opinion?

Please share on the comment section below...

Thanks a lot for reading...

Please like, share, comment and follow.

Namaste.

Note

If by any chance you didn't win money - lost money in the past trading Bitcoin and other cryptocurrencies - please remain relaxed and calmed, the market will offer you many more opportunities... More opportunities will always be available... More opportunities will always come.

Try and accept whatever it is that you did wrong. Accept whatever the mistake, take the loss if necessary, but prepare so that the next time you have a plan, regardless of the price going down or going up.

As for Bitcoin, this is just an early signal, we have yet to get out of this hole.

Look for a close above $6,750 on the daily time frame, as a positive signal, that points to a change to the actual trend that we are now on...

In the meantime... Enjoy your Sunday...

And remember that you are blessed... So whatever happens...

Just be sure to recognize...

THAT YOU DESERVE THE BEST!

Namaste.

Note

Daily chart + Bollinger Bands (bounced from lower end of the band, plenty of room available to go up):

Volume is building up. We need more volume for this bounce to be more "meaningful".

Note

MACD Bullish Crossover on the 4h chart.

Let's see how trading day closes today. A strong close confirms today's bounce and set us up to $6700+.

We need and want a green market. Green is better.

Note

3D Time Frame:

- EMA200 (Brown line) working as a strong support.

Note

Here is the Bitcoin 1H chart:

- As you can see on the chart, the EMA100 line, blue, is working as a strong resistance.

We can move to 6400 short term if we break this resistance, followed by 6700+.

Not breaking up can lead to retesting the EMA50 line, magenta.

Note

Here is the 1h chart:

We are still aiming for $6,400 (short term) followed by $6,700 (still short term).

Note

This one signal worries me on the weekly chart, EMA10 crossing down (bearing) EMA50... What are your thoughts on it?

Note

Take a quick look at my Theta Token (THETA) trade, great returns...

Theta Token (THETA) on Binance (Strong Bounce)

Note

Patience is key... when it comes to trading cryptocurrencies.

Note

Plain sideways... both sides are sleeping...

Note

Thank you all for all the shares, likes, amazing charts in the comments and all the incredible and infinite support that I always receive... From you, it is always highly appreciated.

Please take a quick look at my new Bitcoin Trade Idea below:

Bitcoin To The Moon Pt. 2! Bullish Engulfing...

I am really hoping that you enjoy it, and share with me the same kind of support.

Namaste.

Note

Bitcoin continues its climb up.

You can read my updates for Bitcoin by clicking on the image below (Bitcoin To The Moon Pt. 4 (Another Push Up Is Coming!)):

AlanSantana

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