BitcoinLong
BTC: Falling Wedge OR Descending Triangle?
Updated
We were expecting 8300-7500 area to be next support if 9k broke down and unfortunately it did.
Bakkt launch date was bad exactly as CME but will bear market follow next..again!
Descending Triangle initial target 5k
Falling Wedge initial target 13k
The question:
Which pattern bitcoin is playing now... ?!
0.618 fib and 2d 200ema are strong to watch for reversal at 7700-7600
Bakkt launch date was bad exactly as CME but will bear market follow next..again!
Descending Triangle initial target 5k
Falling Wedge initial target 13k
The question:
Which pattern bitcoin is playing now... ?!
0.618 fib and 2d 200ema are strong to watch for reversal at 7700-7600
Trade active
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This falling wedge breakout with nice volume .. we need follow thru daily candles for confirmation .. if we got it next target will be around 13k and if not expect sharp dropNote
This is my alternative view for bear market if price didn't follow up the breakout
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BTC: It was falling wedge not descending triangle
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