BTC:USDT Falling Wedge 4H Time Frame.
Updated
BTC:USD Binance
Possible falling wedge. In the next two/three candle a big move is possible. Watching the main supports and resistences now the price is in a crucial point.
I.M.O. tomorrow a possible 10000 $ retest is likely.
Topic opened for future updates!
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Possible falling wedge. In the next two/three candle a big move is possible. Watching the main supports and resistences now the price is in a crucial point.
I.M.O. tomorrow a possible 10000 $ retest is likely.
Topic opened for future updates!
If you don't want to miss the updates of this idea leave a LIKE!
If you want to see more chart analysis don't forget to FOLLOW ME!
You can find me also in TWITTER --> cryptogabri
When creating your account in Binance use this REFERRAL CODE : 16281626
-- Disclaimer: This is not financial advice, for illustrative purposes only. Thanks! --
Note
Wow, the identified resistances perfectly show the price range in which BTC is moving. It is also possible to observe how the break out of the falling wedge, is transforming the old resistance into a support now. Doing so the signal would seem to be bullish but, for further confirmation, it is necessary that in the next candles the price does not fall below $ 11000.Topic opened for future updates.
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-- Disclaimer: This is not financial advice, for illustrative purposes only. Thanks! --
Note
BTC : USDTFor now BTC is holding the $ 11,000 level, however this level is halfway between two key prices ($ 10,000 and $ 12,000) that if exceeded (down or up) will start a well-defined trend (bearish or bullish). I still believe that we will probably see a test of the first support in the next few candles ($ 10650) and maybe a test of the 10000 $ level. If this last support will be broken BTC, probably, will go down to 9000-9600 $ levels.
Topic in development.Take a look to the related ideas
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-- Disclaimer: This is not financial advice, for illustrative purposes only. Thanks! --
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