BTC / USDT early signs for correction ?
Btc /usdt
🌟 Quick analysis 🌟
Broadning rising wedge detected clearly in 4h frames
You can see here the broadning wedge
1- Btc in the top of the wedge and rejected from upper trendline of the wedge
2- lot of green candels without healthy correction since 14k
3- Bearish candels start to appear
From all of above these can be eary signs of local top for btc to start correction at least mini correction
Possible levels for retractment : according to fibonacci
17400$
17070$
16740$
16260$
15660$
**Stability and close below the wedge can be extremely bearish to further levels below
Notice :
This is not a short signal
This is just to take care if you are in active alt trades
Good luck and happy trading 🌹
🌟 Quick analysis 🌟
Broadning rising wedge detected clearly in 4h frames
You can see here the broadning wedge
1- Btc in the top of the wedge and rejected from upper trendline of the wedge
2- lot of green candels without healthy correction since 14k
3- Bearish candels start to appear
From all of above these can be eary signs of local top for btc to start correction at least mini correction
Possible levels for retractment : according to fibonacci
17400$
17070$
16740$
16260$
15660$
**Stability and close below the wedge can be extremely bearish to further levels below
Notice :
This is not a short signal
This is just to take care if you are in active alt trades
Good luck and happy trading 🌹
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
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.