BITCOIN (BTCUSD): Detailed Technical Outlook
https://www.tradingview.com/x/P5N2ByUl/
Since the beginning of June, Bitcoin is not in a good shape.
The market is trading in a minor bearish trend and formed
a falling expanding wedge pattern.
The test of a huge confluence zone based on a trend line of the wedge
and a horizontal demand zone triggered a strong rejection.
For now, the market is accumulating within a narrow range.
I believe that a bullish breakout of the resistance of the wedge
and a daily candle close above that can be an important bullish trigger.
The market may start a strong up movement then.
❤️Please, support my work with like, thank you!❤️
Since the beginning of June, Bitcoin is not in a good shape.
The market is trading in a minor bearish trend and formed
a falling expanding wedge pattern.
The test of a huge confluence zone based on a trend line of the wedge
and a horizontal demand zone triggered a strong rejection.
For now, the market is accumulating within a narrow range.
I believe that a bullish breakout of the resistance of the wedge
and a daily candle close above that can be an important bullish trigger.
The market may start a strong up movement then.
❤️Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.