#BTC need to clear the 18,500 resistance to Confirm the pattern!

14 thg 12, 2022

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#BTC UPDATE

BTC is forming this big falling wedge pattern

what is a falling wedge pattern?

The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.

*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout

* RSI is also sowing some bullish divergences move

*If it conforms to this pattern then according to the pattern we will see a good bounce

Stay tuned I will keep updating

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14 thg 12, 2022

Ghi chú

FOMC Meeting in 2:40 hours

What do you guys think?
we will see a pump or dump

14 thg 12, 2022

Ghi chú

In this four-hour time frame

we can see a breakout of this ascending triangle pattern but we still need a confirm retest so after the FOMC meeting result if BTC drops then it will be a retest for this pattern.

But in case it break the lower support of this pattern, then the pattern will be invalidated

*There is a high probability that BTC will drop after the FOMC meeting

*RSI is also in the overbought range

Stay tuned

15 thg 12, 2022

Ghi chú

As expected BTC drops after the FOMC meeting
Currently it look like a retest of this ascending triangle pattern