According to the chart an ascending wedge is formed.
Since BTC
reached important resistance at $42000 where is the middle line of the pitchfork,
and I think that ABCDE pattern is completed,
then the down trend is expected
If BTC breaks the lower boundary of the wedge, it would hit $37000-$36000
Since BTC
reached important resistance at $42000 where is the middle line of the pitchfork,
and I think that ABCDE pattern is completed,
then the down trend is expected
If BTC breaks the lower boundary of the wedge, it would hit $37000-$36000
Trade active
As I expected, #BTC breakes the lower boundary of the wedge. and the first target hit. So, one have to save their profit and change the stop lossover the next hours, one should follow the #BTC.
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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.