As you can see with the help of falling wedge pattern,
we Have Use 1 Week Time frame , where we can see a Perfect falling wedge pattern,
if BTC follow this Pattern we can see some Bullish move in Upcomming 2 to 3 Months
But if BTC Break this Pattern in Downword Direction then we can see Major Dump in BTC.
Note: This is only for Educational...
Takuri Candlestick at the lower line of Falling Wedge suggest a reversal and today's Green bar is confirming it. The Trade is available at small risk so one can trade like this
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
In this chart you all can clearly see BTC breakout the falling wedge with great volume now we used fib for assuming target so the golden part come nearly $13500, the bottom part where BTC done there bottom is a supportive fake out , which give power to BTC now both resistace of falling wedge is broken & we come above with that if we see the MACD it also bullish...
The falling wedge pattern which held the EUR/USD in the downtrend has been broken.
Also, the preceding bearish move was characterized with minimal corrective rallies.
Hence, this breakout will render a trend reversal, if at all a corrective rally, and move to the resistance at 1.3236.