BTC Rising Wedge
After hitting the 3k target zone from the previous analysis, BTC price bounced sharply before consolidating a bit. A rising wedge pattern has formed on the upward movement, which signals a reversal. Look for a breakout downward and watch for fake-outs. Target should be around 3500 range.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!
Trade closed: target reached
Dead on! Support provided at SMA50.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.