#BTC is not looking good in the shorter time frame!
Updated
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC breakout this rising wages pattern and currently retesting it.
BTC doesn't look good, According to the pattern BTC can drop 10% after the confirm retest.
If BTC breaks out this lower resistance then the pattern will be invalidated.
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 UPDATE
BTC breakout this rising wages pattern and currently retesting it.
BTC doesn't look good, According to the pattern BTC can drop 10% after the confirm retest.
If BTC breaks out this lower resistance then the pattern will be invalidated.
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
BTC again got dismissed below the recent high of $17,424 and now trading over the mid-range support.
It is a choppy range for BTC, and further range-play is expected in that narrow range.
An effective breakdown below the mid-range would indicate a push toward horizontal support, while a strong break over the new high of $17,424 would be a bullish sign for BTC.
Note
If we make a channel then we can see BTC is bouncing from the lower level of this rising channel.
If it holds this support then we can expect some decent bounce.
Note
#BTC Falling Wedge Formation in daily timeframe
RSI & MACD both Printing Bullish Divergences
MACD Bullish Crossover also Confirmed
Now, Bitcoin Bulls need to Clear the 18.4k Crucial Resistance to Confirm the Wedge Upside Breakout.
Note
#BTC
BTC bounced from the support trendline of the symmetrical triangle above the mid-range.
There is indecision in the market. A ton of liquidity has been made on both sides. A high-volume move is normal from here.
We've to keep an eye on a sustained breakout/breakdown, which will confirm the short-term direction of the market.
Stay tuned
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