BTC Analysis - Long & Short
From this point onwards, BTC is most likely going to come into contact with the resistance at the falling wedge and go down to the support of the falling wedge.
The only possibility of BTC overcoming this falling wedge will most likely only come when the falling wedge crosses $3170 support line. Then, it will only have enough support to break through of the falling wedge and possibly have another contact with the $4045 resistance line.
Buy or sell opportunities are present when prices of BTC comes into contact with any support of resistance as stated below
Crucial Support
Support of falling wedge
$3170 support line
Crucial Resistances
Resistance of falling wedge
$4045 resistance line
The only possibility of BTC overcoming this falling wedge will most likely only come when the falling wedge crosses $3170 support line. Then, it will only have enough support to break through of the falling wedge and possibly have another contact with the $4045 resistance line.
Buy or sell opportunities are present when prices of BTC comes into contact with any support of resistance as stated below
Crucial Support
Support of falling wedge
$3170 support line
Crucial Resistances
Resistance of falling wedge
$4045 resistance line
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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.
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.