Hello everyone,
the price of BTCUSD is currently defending a strong psychological and technical support at $10,000 while moving
in a Falling Wedge pattern (lower highs & lower lows).
I'm expecting a strong breakout towards our next resistance at $10,600 (green box) after revisiting our support area at $10,000 (purple box).
Place your stop loss below the red box in case we see a liquidation move to $9,800.
Do you agree with me? Let me know
cheers,
cryptobuller
the price of BTCUSD is currently defending a strong psychological and technical support at $10,000 while moving
in a Falling Wedge pattern (lower highs & lower lows).
I'm expecting a strong breakout towards our next resistance at $10,600 (green box) after revisiting our support area at $10,000 (purple box).
Place your stop loss below the red box in case we see a liquidation move to $9,800.
Do you agree with me? Let me know
cheers,
cryptobuller
Comment:
We might see $10,600 earlier than expected. It's tempting to long here, but the Risk/Reward ratio is simply not worth it.