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CobraVanguard
Nov 17, 2020 10:30 AM

BTC/USD In Rising Wedge 

Bitcoin / U.S. DollarFOREX.com

Description

In my previous analysis, I made a mistake, which I will correct in this analysis

Hi every one

chart is speaking it self!!
As you can see, Rising wedge is forming, which is not a good thing and could be a sign that the price is falling.
RSI also shows Bearish divergence well.
If the line above Rising wedge is breaks, it is as if rising wedge does not exist and the price continues to grow.

Support level : 16200 to 15900

Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast

Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.

Comment

Rising wedge

Comment

my previous analysis

Comment

BTC/USD on the way to 20,000

Comment

BTC/USD In Symmetrical Triangle!!

Comment

BTC/USD In the rising wedge!!!
Comments
KlejdiCuni
I agree with you. I like to see for long opportunities on pullback. Great job!
CobraVanguard
@KlejdiCuni, thank you bro
bestfarbit74
cool...now the price with excellent gains may go sideways for awhile before moving either side
CobraVanguard
@bestfarbit74, nice analysis , thanks for sharing
ferGOD
REKT
ferGOD
PolarHusk
Strong BTC move up 🐻‍❄️🙏😊😃
HamadaMark
great chart!!
CobraVanguard
@HamadaMark, thank you
williamandy175
nice
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