John_rsm

BTCUSDT Rising Wedge

Short
John_rsm Updated   
BYBIT:BTCUSDT   BTCUSDT SPOT
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
Comment:
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.
Comment:
currently 100 EMA working as support
Comment:
Bulls showing Strength
Comment:
Fights going on B/T Bulls and Bears
Comment:
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
Comment:
Looks like Bears taking control.
20 EMA needs to work as Support.
Comment:
All Supports just got Penetrated.
Comment:
Maybe Shooting Star Pattern is playing out.
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Price could Wick down to approx. $32763.
That could be Fake out.
Comment:
Bears taking it seriously but slowly , Candles making Lower High.
Comment:
I'm Ending this Scalping show.

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