BTC QUICK ANALYSIS OF PRICE ACTION

Aug 28, 2022

BTCUSD

btc is currently down trend. after breaking out of rising wedge we had seen massive decline in price.
no btc seems to be forming a falling wedge which is bullish for short terms.

what i think the price will do is to retest 20600 and gets rejected so we can retest the lower of june-july.

right now we can also observe bullish divergence in rsi which is yet to be confirmed.

make sure you should put massive orders when btc hit 19200 and place your SL below 18600

Sep 9, 2022

Note

target reached