Short

BTCUSDT Rising Wedge

Updated

BTCUST moving accordingly to Rising Wedge but Yellow horizontal line working as Resistance and Red horizontal , White and Orange dashed Ascending line as Support.
This is just Short Term scalping.
If supports break then Price would be around 31.15k

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There is a Inverse H&S Pattern which I didn't mentioned.
That could playout if BTCUSDT breaks above Yellow horizontal line but this scenario needs Volume.

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currently 100 EMA working as support

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Bulls showing Strength

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Fights going on B/T Bulls and Bears

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Bears pushing the Price down.. but Bulls also trying to push up the Price. 100 EMA was working as a Support and right now Dashed Orange Ascending line also Supporting the Price

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Looks like Bears taking control.
20 EMA needs to work as Support.

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All Supports just got Penetrated.

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Maybe Shooting Star Pattern is playing out.

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Price could Wick down to approx. $32763.
That could be Fake out.

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Bears taking it seriously but slowly , Candles making Lower High.

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I'm Ending this Scalping show.

John_rsm

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by John_rsm

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