BTC: FORMING BEARISH PATTERN IN LTF! STAY CAUTIOUS!!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to 19k-19.5k level.
Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated.
if you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update.
BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to 19k-19.5k level.
Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated.
if you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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.