BTCUSDTHello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
BTC has formed a range here on current weekly's movement. Also, there's a formed rising wedge that currently covers
BTC's movement. Based on the data we have, If
BTC breaks below the wedge it should drop to the lower range's level. For now, we have the confirmation for possible Longs till $40600 as
BTC's moving above $39200!I'm looking for two possible movements to Take Position on...
- Sweep on Range's high, And look for Short on any rejection.
- Break below the rising wedge and take any possible retest into pressure lines ( Broken support or broken pattern ).
On another side; If
BTC manages to hold above $40600 till the new weekly open. There'll be a chance for bulls to push the price above $40800 towards $42400 in Monday's range.
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
Helical_Trades
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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.