BTC: BREAKS DOWN THIS RISING WEDGE PATTERN!!

Aug 17, 2022

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#BTC(Update)

Bitcoin breakout this rising wedge pattern in a 4hours timeframe.
we have 22750$, 21600,19k as support.
According to this pattern, BTC will drop up to the lower support which is around 19k.



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Aug 19, 2022

Note

#BTC UPDATE

BTC took correction after the breakdown of the rising wedge and as expected, BTC drops and currently trading above the second support which is around $21650.

There is a possibility of a bounce from here and if it breaks down to that level with a retest below it, then the next main support for bulls to defend is 21K.

4houes candle closes in 1hour let's see if it will be able to hold this second support or not.

Stay tuned