Bitcoin / TetherUSShort
BTCUSDT - Bearish sign?
Updated
daily chart displays a ascending broading wedge pattern
can notice obviously how price action going when touches the lower side of the pattern
You'll notice a full absorption of the candle, with only a wick touching the lower part of the pattern.
It's important to understand that the ascending wedge pattern is inherently bearish, often signaling a downward move. However, Bitcoin rarely gives you a clear short signal like this—it will likely liquidate all short positions first.
What’s expected is a strong upward move in the coming days, followed by a drop. Bitcoin’s target for this correction is 85k.
can notice obviously how price action going when touches the lower side of the pattern
You'll notice a full absorption of the candle, with only a wick touching the lower part of the pattern.
It's important to understand that the ascending wedge pattern is inherently bearish, often signaling a downward move. However, Bitcoin rarely gives you a clear short signal like this—it will likely liquidate all short positions first.
What’s expected is a strong upward move in the coming days, followed by a drop. Bitcoin’s target for this correction is 85k.
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my analysis was bearish that's why all market bleeding now
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🎯 Contact for paid signals🎯
t.me/Cecilion1
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