⚠️Bitcoin Can Dump By Rising Wedge Pattern⚠️
Updated
🏃♂️Bitcoin is moving near the 🔴Resistance zone($73,700-$71,800)🔴. Above the 🔴Resistance zone($73,700-$71,800)🔴is also an important 🟡Potential Reversal Zone(PRZ)($82,800-$73,700)🟡.
📈From the point of view of Classic Technical Analysis, it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern, and there is also the possibility of forming a Double Top Pattern.
📈We can also look at the Market Cap USDT Dominance% (USDT.D%) chart for a better analysis of Bitcoin. Yesterday, I analyzed USDT.D% for you.
📈USDT.D% has succeeded in breaking the upper line of the Falling wedge, and this is good news, which confirms the breaking of the lower line of the Rising Wedge Pattern in the Bitcoin chart.👇
📈Also, the Market Cap BTC Dominance% (BTC.D%) chart will also be bearish and can help the fall of Bitcoin.👇
🔔I expect Bitcoin will Go Down at least to the 🟢Support zone($69,000-$67,800)🟢, and if it breaks, we can expect BTC will go down to the Support line and Fibonacci cluster.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📈From the point of view of Classic Technical Analysis, it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern, and there is also the possibility of forming a Double Top Pattern.
📈We can also look at the Market Cap USDT Dominance% (USDT.D%) chart for a better analysis of Bitcoin. Yesterday, I analyzed USDT.D% for you.
📈USDT.D% has succeeded in breaking the upper line of the Falling wedge, and this is good news, which confirms the breaking of the lower line of the Rising Wedge Pattern in the Bitcoin chart.👇
📈Also, the Market Cap BTC Dominance% (BTC.D%) chart will also be bearish and can help the fall of Bitcoin.👇
🔔I expect Bitcoin will Go Down at least to the 🟢Support zone($69,000-$67,800)🟢, and if it breaks, we can expect BTC will go down to the Support line and Fibonacci cluster.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
Trading volume is low on Saturday and Sunday and we have to wait for the main movement from Monday.Note
If it can break the 🟢Support zone($69,000-$67,800)🟢, we can expect the support line to break.Note
As I expected, BTC was able to break the 🟢Support zone($69,000-$67,800)🟢 and Support line.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
lbank.one/join/uu1DKdN
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
lbank.one/join/uu1DKdN
Related publications
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.