Bitcoin price movement possibilities
Updated
As you can see on this 1hour chart BITCOIN /USDT tried to break the falling wedge but couldn’t so now we have two possibilities for the price.
The first one:
Bitcoin could go back to around 37500 and to bounce back to 38700 and if it had the power to break through the falling wedge we could see a very bullish signal.
The second one:
Bitcoin could break the falling wedge in the next few hours which will lead us to around 47k in a week or two
NB: if it breaks the falling wedge downwards these 2 possibilities are invalid.
To trade that falling wedge safely you should wait for a breakout and a successful retest
Disclaimer: took a risk entering my swing trade that early but I had a pretty good entry.
The first one:
Bitcoin could go back to around 37500 and to bounce back to 38700 and if it had the power to break through the falling wedge we could see a very bullish signal.
The second one:
Bitcoin could break the falling wedge in the next few hours which will lead us to around 47k in a week or two
NB: if it breaks the falling wedge downwards these 2 possibilities are invalid.
To trade that falling wedge safely you should wait for a breakout and a successful retest
Disclaimer: took a risk entering my swing trade that early but I had a pretty good entry.
Note
For now the second scenario is the one to most likely occur.Trade active
it broke up and its going back to retest
Disclaimer
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