Bitcoin | Falling Wedge + Bullish Divergence + Channel..!! Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Apr 27, 2022 6:03 PM

#BTC (Update)

Bitcoin has been Consolidating into Ascending Channel since January 2022.

From last 4-weeks, Bitcoin is Moving inside the Falling Wedge.

RSI is Printing Bullish Divergence as Well.

For Bullish Momentum, Bitcoin Bulls need to reclaim the 40k S/R Level to Confirm the Upside Breakout.

In Bullish Case, If Bulls Reclaimed the 40k S/R Level then Bitcoin Might hit the 50k Psychological Level.

In Worst Case, If Channel Broken Downside, then We Could See Bearish WAVE towards the 28-30k Major Support Area.

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Thanks for Your Love & Support..!!

Comments

florasora

⋅ Apr 28, 2022 7:12 PM

Shoot--I didn't even notice this falling wedge. Great find!

thunderpips

⋅ Apr 27, 2022 10:21 PM

Great. Clean work. Thanks for sharing.

Arash_Kamangir2020

⋅ Apr 27, 2022 7:38 PM

I strongly agree with you

chandanathilakarathne76

⋅ Apr 28, 2022 4:54 PM

agree..

Tradersweekly

⋅ Apr 28, 2022 9:42 AM

Thanks for sharing. However, I am sorry, but I do not see a wedge there. Here is my view:

Walter_White_2021

⋅ Apr 28, 2022 6:10 PM

@Tradersweekly I see the wedge right there on your chart. Only thing missing is the lines.

florasora

⋅ Apr 28, 2022 7:14 PM

@Tradersweekly, Just because you have a horizontal consolidation doesn't mean you don't have a wedge, non? And to be fair, the wedge is an easier trading opportunity--not to mention it's going to be tradeable in a matter of days.

Vibranium_Capital

⋅ May 9, 2022 11:41 PM

Awesome

MaureenRovitaSwanston

⋅ May 7, 2022 12:37 PM

Amazing content