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bonic
Jul 27, 2022 10:20 AM

BTCUSD Short Term TA! 

Bitcoin / U.S. dollarBitstamp

Description

Goodday fellow traders,

Have to update short term analysis. Looks like the previous short term pattern is evolving into a rising broadening wedge, which has a higher probability of breaking bearish.... So hopefully price will just retest the support. Head back up again. Unfortunately there is a bigger chance of breaking bearish retesting older support lines. Approx. the 17,5k - 14k region.

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Comments
simpsonepic1a
That was what i was thinking until it broke down so your chart already invalidated yesterday.
bonic
@simpsonepic1a, yeah that's how the cookie crumbles in the short term especially in the crypto market
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