BTC
So as of now, we all know, we broke down from this potential big pattern. Is it a fake breakdown? We are, as of now finding support at the 100 EMA on the 4hr around 17,620. As of now, we got a bounce and seem to be in either a rising wedge. The resistance of the wedge is at 18,650. I bullish breakout of this wedge would put us back into this pattern. The resistance of the bigger pattern now, is at 18,806$. If we break down from the rising wedge we are in, then the next probable level is 17,923$ Depending on when or where we breakdown from it. If we do manage to get back into the old pattern above 18,806$, then our breakout potential resistance is at 19,049$. Watch closely to see what BtC decides to do from here!
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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.