Bitcoin | Falling Wedge Formation in 1h timeframe..!!

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
#BTC #BTCUSD (update)

In 1h timeframe, Bitcoin Has been forming Falling Wedge Pattern & RSI printing Bullish Divergence as well ( Bullish )

Expecting Upside Wedge Breakout but Bulls Need Some Volume ..!!

In Case of Breakout, Target Would be Around 10780. ( Bitcoin Might Retest 9940 As well Before Upside Move)

Rising Wedge Already Broken Down With Strong Bearish Volume But So far Bulls Defending the KEY Support Area (10.2k-10.4k)

Now, If Bulls lost the Support Area , Expecting Another Bearish Wave towards the 9.6k (Unfilled gap)

In Case of Bounce Back From Here, Bitcoin might retest the 11k Resistance AREA .(For that Bulls Need Strong Volume )

Bitcoin Dominance

In Weekly timeframe , Bitcoin Dominance Has been Moving in Descending Channel & At the Moment, Holding Major Support Area (60%)

According to Channel formation, I'm Expecting Another Lower High (Might test the 64% ) in Coming days.

IMO, It's not a Good time to Buy or HOLD altcoins Because Majority of Alts Already at PEAK & Need Correction for Another Bullish Wave📈

FYI, FYI, There is a Unfilled CME gap as Well in 9645-9925 Range. (We're So Close)

Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!

Thanks for Your Love & Support..!!
Follow me On Twitter & Telegram For More Regular Updates..!!

Public Telegram Channel:

Forex Telegram Channel:



very nice work +++
+1 Reply
Faibik PolarHusk
@PolarHusk Thank You for appreciation and support
Good idea
+1 Reply
Faibik CryptoCheck-
@CryptoCheck- Thanks for Appreciation
Good work
+1 Reply
Faibik Saeed966
@Saeed966, Thank You Mate
Good Analysis
thanks for sharing and great call! Agree with your bullish bias, this is what I see on BTCUSD:
@FXCM, nicely done


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out