Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
BTC Full Analysis
Bitcoin / TetherUS PERPETUAL CONTRACT
Short
BTC Full Analysis
By Dan774
Follow
Follow
Aug 17, 2022
0
Aug 17, 2022
Hello Everyone!
BTC have been formed a Wedge in 4h time frame and now broke from the bottom as you can see in the main picture.
Also previously price was in a Trading Range with a 1h Demand Zone and its have been Engulfed (sign of weakness) :
So I expect to hit its measured target which is match to the next Demand 4h. (Main picture)
From there price could jump up to the Wedge to complete its pullback.(Perhaps the 1h supply zone, Second picture)
After that price could fall to the 1D Demand Zone which is match with the Wedge measured target (19,700)
----------------------------------------------------------------
Liked the idea?
Comment, Like, Follow ✌
Chart Patterns
Harmonic Patterns
Trend Analysis
Dan774
Follow
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
.