BTC: STILL INSIDE THE FALLING WEDGE! WAITING FOR A BREAKOUT!!
Updated
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Welcome to this BTC /USDT 4hr update. In my previous BTC update I clearly told you that if BTC does not break the falling wedge then we can see 37.8k soon (Link given below do check it out).
BTC made a new recent low of around $37,400. Currently, it is once again reached the lower trendline of the wedge and bouncing from there. Also, RSI is printing a bullish divergence.
Let's see in this bounce we will be able to break this falling wedge or not?
Break this falling wedge will bring a new positive rally towards 44k-45k in the market.
Invalidation level:- Close below 36.8k
What do you think about this?
Do you think we will see a good bounce from here or do you think that we see more dump?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC /USDT 4hr update. In my previous BTC update I clearly told you that if BTC does not break the falling wedge then we can see 37.8k soon (Link given below do check it out).
BTC made a new recent low of around $37,400. Currently, it is once again reached the lower trendline of the wedge and bouncing from there. Also, RSI is printing a bullish divergence.
Let's see in this bounce we will be able to break this falling wedge or not?
Break this falling wedge will bring a new positive rally towards 44k-45k in the market.
Invalidation level:- Close below 36.8k
What do you think about this?
Do you think we will see a good bounce from here or do you think that we see more dump?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Note
In the daily time frame, BTC also forms a falling wedge-like structure and RSI is also printing a bullish divergence. Execting a bounce in the market soon.
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