BTCUSD Possible Breakout Trade Opportunity Falling Wedge Pattern

27 thg 5, 2020

BTCUSD is in a falling wedge pattern . This is usually a continuation or a reversal pattern which means it is currently possibly consolidating in this pattern for a move higher or has a lower chance to break down too.

For a bullish move wait for breakout confirmation and to be on the safer side wait for a bounce off the top line after the breakout to get a further confirmation of this bullish move to around 9600-9700 which is in the price region of the long-term downtrending line from 2018.

You can read up on falling wedge patterns.

Please do your own research. I only post possible bullish patterns and am overall bullish on ETH and BTC .

Only trade what you can afford to lose, nothing is 100% in life, ever.

ETHUSD is on a bullish continuation symmetrical triangle pattern formation. This is usually either a continuation pattern. As ETHUSD and BTCUSD price are correlated, it would be a good idea to pay more attention to any breakouts on ETHUSD symmetrical triangle pattern too.

Good luck and stay safe!