When we look at the 4hr chart we can drow a falling wedge which is recently broken and suggesting a raise to 22313 which is the exact 0.618 level of the fibonacchi retracement from 17620 low to 25228 high.
To activate that chart pattern BTCUSDT pair needs to break above 20500 level and going below 19400 (0.236 fib level and recent low) cancels the pattern.
Bollinger Band also suggests a movement by thigting upper and lower bands.
Always trade with care and DYOR. Thanks for your support.
To activate that chart pattern BTCUSDT pair needs to break above 20500 level and going below 19400 (0.236 fib level and recent low) cancels the pattern.
Bollinger Band also suggests a movement by thigting upper and lower bands.
Always trade with care and DYOR. Thanks for your support.
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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.
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.