Bitcoin / TetherUSShort
Bears are you there ??
Hi mates,
the pattern you see on this 1 hourly chart is a rising broadening wedge which rather shows bearish momentum with a downward breakout 52 % of the time, plus a partial rise within that occurs in an usual behavior.
Target shown on a 1 hour support ( green line ) which confluates perfectly with the target measures rules of this pattern ( green arrow ) .
Add to this the price trading now under the weekly level ( white line ) at 6489 $, and we get some bearishness out there .
Trade safe hommies !!
the pattern you see on this 1 hourly chart is a rising broadening wedge which rather shows bearish momentum with a downward breakout 52 % of the time, plus a partial rise within that occurs in an usual behavior.
Target shown on a 1 hour support ( green line ) which confluates perfectly with the target measures rules of this pattern ( green arrow ) .
Add to this the price trading now under the weekly level ( white line ) at 6489 $, and we get some bearishness out there .
Trade safe hommies !!
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.