BTCUSDT - Bearish sign?
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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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.
🔻 telegram channel 🔻
t.me/itradeoncrypto
🎯 JOIN VIP FOR FREE!🎯
t.me/Cecilion1
join me at BitMEX platform and enjoy exclusive offers!🔥
bitmex.com/register/SMWPBc
t.me/itradeoncrypto
🎯 JOIN VIP FOR FREE!🎯
t.me/Cecilion1
join me at BitMEX platform and enjoy exclusive offers!🔥
bitmex.com/register/SMWPBc
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.