BTC TESTING 18255
Btc will break the smaller wedge(marked in teal), it will retest the previous low (the bottom line marked in white), which is also a bottom of a much bigger 4h wedge (marked in blue).
Note
The red dashed lines are representing a descending wedge, which can be broken, and in that moment btc will test the smaller wedge (marked in teal) and continue to go down to test the bottom of a bigger wedge (marked in blue).We also have a trend line (marked in pink) which will be hard to break. If btc goes up to test the trend line or the wedge I suggest entering a short at 19200- 19300, we just have to see if btc will break the descending wedge
Note
Scenario 1:It breaks a teal triangle and goes straight to the bottom (the white line at 18255)
Scenario 2:
It bounces of a teal triangle's downside, tests the pink line, bounces of it, and goes to the white line at 18255
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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.