BTC:USDT Falling Wedge 4H Time Frame.

3 thg 7, 2019

BTC:USD Binance
Possible falling wedge. In the next two/three candle a big move is possible. Watching the main supports and resistences now the price is in a crucial point.
I.M.O. tomorrow a possible 10000 $ retest is likely.
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4 thg 7, 2019

Ghi chú

Wow, the identified resistances perfectly show the price range in which BTC is moving. It is also possible to observe how the break out of the falling wedge, is transforming the old resistance into a support now. Doing so the signal would seem to be bullish but, for further confirmation, it is necessary that in the next candles the price does not fall below $ 11000.
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5 thg 7, 2019

Ghi chú

BTC : USDT
For now BTC is holding the $ 11,000 level, however this level is halfway between two key prices ($ 10,000 and $ 12,000) that if exceeded (down or up) will start a well-defined trend (bearish or bullish). I still believe that we will probably see a test of the first support in the next few candles ($ 10650) and maybe a test of the 10000 $ level. If this last support will be broken BTC, probably, will go down to 9000-9600 $ levels.
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