#BTC ready to go long, pay attention!
Updated
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC WEEKLY UPDATE
This big falling wedge pattern is still in the pay.
(basics info)
what is a falling wedge pattern?
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
> Important support level is 25k
> BTC Needs to close this weekly candle above $25400
> The volume is increasing, which is a characteristic of a third wave. We could expect a strong bull run in the market as many indicators are showing.
>
25K will now act as strong support as it is broken after large accumulation and will likewise offer great opportunities in case of retracement.
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC WEEKLY UPDATE
This big falling wedge pattern is still in the pay.
(basics info)
what is a falling wedge pattern?
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
> Important support level is 25k
> BTC Needs to close this weekly candle above $25400
> The volume is increasing, which is a characteristic of a third wave. We could expect a strong bull run in the market as many indicators are showing.
>
25K will now act as strong support as it is broken after large accumulation and will likewise offer great opportunities in case of retracement.Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
#BTC did a good weekly candle closed
Note
going good
Note
#BTC breakout this Broadening Triangle Pattern and currently retesting it.
According to the pattern we can expect some good bounce after the retest.
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