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BTC → long term view
Bitcoin / TetherUS
Giá lên
BTC → long term view
Theo melikatrader94
Theo dõi
Theo dõi
Cập nhật
24 thg 8
3
1
Chúc mừng
Chúc mừng
8
8
20 thg 8
hello guys.
let's dive into BTC.
Support and Demand (S&D) Zone:
The S&D zone marked on the chart around the $49,500 level has acted as a strong support during the last downward movement.
If the price retraces, this zone is likely to serve as a critical support area, potentially offering a buying opportunity.
Potential Bullish Scenario:
If Bitcoin continues its upward momentum, it could test the upper wedge line, which is currently around the $70,000 mark.
A breakout above this wedge could signal a significant bullish move, potentially leading to a new uptrend.
Summary
Broadening Wedge Pattern: Indicates increasing volatility with higher highs and lower lows.
Current Position: Bitcoin is moving towards the upper wedge line after bouncing from the lower wedge line.
Support Zone: The S&D zone around $49,500 acts as critical support; a key level to watch if the price retraces.
Bullish Scenario: Potential move toward $70,000 if the upward momentum continues and the upper wedge line is tested.
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20 thg 8
Bình luận
the short term time frame perspective
24 thg 8
Đóng lệnh: đạt mục tiêu
#btc #btcusdt #btcusd
☄️ The target of the short-term time frame was touched
Beyond Technical Analysis
Bitcoin (Cryptocurrency)
BTC
BTCUSD
BTCUSDT
Chart Patterns
Trend Analysis
wideningwedge
melikatrader94
Theo dõi
Theo dõi
👉👉👉 my recommended broker:
bit.ly/HYCM-M
you can get a free trading view account by depositing
👉👉👉 my recommended exchange:
partner.zoomex.com/aff/ZX902648
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t.me/melikatrader94
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