previous market correction takes down BTCUSD below $10k forming a falling wedge, price bounce at $9.5k and continues on a bullish pattern forming a rising wedge. Strong resistance at 
12K and support on the purple line which is $10.7k, if price keep falling below this line next support at $9.5k. Target profit could be at $11.5k. Good luck
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p.s this is my first technical analysis dont make a fundamental decision based on what i drew
i am welcome to any kind of comments and feedback:)
12K and support on the purple line which is $10.7k, if price keep falling below this line next support at $9.5k. Target profit could be at $11.5k. Good luck.
p.s this is my first technical analysis dont make a fundamental decision based on what i drew
i am welcome to any kind of comments and feedback:)
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Price bounce out off the rising wedge channel, finds support around $10.5k and currently swings back into the channel. Be aware of the orange zone, people might tend to sell it off inside that area. If this bullish patterns continues upward and went through 12K resistance we might see another strong resistance above.
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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.