💎₿TC: Sustained Above Previous Rising Wedge.
Hello Dear Traders,
As we know all BTC Dumped hard, bt important thing to notice is when btc was trading in rising wedge and gave massive breakout from 50k, today again btc entered in tht rising wedge, and we seen awesome demand in price once it tested 48k zone.
4HR candle closed above rising wedge upper trendline which was previously resistance now it became support. this price action indicates tht huge buying has been done from 48k area. we have to wait for daily candle confirmation for more clarity.
for now btc 4hr candle successfully closed above rising wedge this is very good thing. will update chart after daily candle closing.
As we know all BTC Dumped hard, bt important thing to notice is when btc was trading in rising wedge and gave massive breakout from 50k, today again btc entered in tht rising wedge, and we seen awesome demand in price once it tested 48k zone.
4HR candle closed above rising wedge upper trendline which was previously resistance now it became support. this price action indicates tht huge buying has been done from 48k area. we have to wait for daily candle confirmation for more clarity.
for now btc 4hr candle successfully closed above rising wedge this is very good thing. will update chart after daily candle closing.
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