Possible Ascending triangle setup on BTC that can lead us to the 5th touch of a falling wedge.
If the falling wedge breaks up we can reject the ADAM and EVE pattern on the 4HR (See below)
Otherwise 8500 is the level to watch for down breakout of that adam & eve.
If we do continue up here it could be the confirmation of a higher low, BTC has bearish signs but the uptrend is still there so if we have a significant bounce from here its quite positive for the bulls.
If the falling wedge breaks up we can reject the ADAM and EVE pattern on the 4HR (See below)
Otherwise 8500 is the level to watch for down breakout of that adam & eve.
If we do continue up here it could be the confirmation of a higher low, BTC has bearish signs but the uptrend is still there so if we have a significant bounce from here its quite positive for the bulls.
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Triangle played out well!
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Possible idea here also
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Solid breakout.. Press play
