Currently price action consolidates on the daily timeframe as traders wait for the wedge breakout. My guess is that we're more likely to break lower as US inflation continues to rise pushing the USD higher and thus BTC lower.
If we get the breakout, personally I'm not interested in chasing the train but will wait for potential buying opportunity around the area I illustrated on the chart.
If we get the breakout, personally I'm not interested in chasing the train but will wait for potential buying opportunity around the area I illustrated on the chart.
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➡️ Managed Forex Accounts: manage.forex
➡️ Prop Firm Passing: wepasschallenges.com
➡️ Premium Expert Advisors: iqalgos.com
➡️ 1-on-1 Mentorship: miamitradingacademy.com
➡️ Join Discord: discord.gg/adccac2e5
➡️ Prop Firm Passing: wepasschallenges.com
➡️ Premium Expert Advisors: iqalgos.com
➡️ 1-on-1 Mentorship: miamitradingacademy.com
➡️ Join Discord: discord.gg/adccac2e5
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.