Bitcoin has performed its usual move, pushing many traders to reevaluate their positions. Now, a bullish market sentiment is widespread.
Currently, a descending broadening wedge pattern has been confirmed, with the price breaking above significant resistance levels. This breakout targets an impressive $80k, as shown on the chart.
For those not yet invested in BTC, there will be a good buy-back opportunity. The optimal buy-back zone is within the broadening wedge breakout area; patience is key for the best entry point. Any retest towards this zone should be considered a strong buy opportunity.
Overall, the market outlook remains extremely bullish.
Let me know your thoughts on the current market situation, and don't forget to like the post. Thank you.
Chart references:
Descending Broadening Wedge Key Zones:
Bigger Picture View:
Currently, a descending broadening wedge pattern has been confirmed, with the price breaking above significant resistance levels. This breakout targets an impressive $80k, as shown on the chart.
For those not yet invested in BTC, there will be a good buy-back opportunity. The optimal buy-back zone is within the broadening wedge breakout area; patience is key for the best entry point. Any retest towards this zone should be considered a strong buy opportunity.
Overall, the market outlook remains extremely bullish.
Let me know your thoughts on the current market situation, and don't forget to like the post. Thank you.
Chart references:
Descending Broadening Wedge Key Zones:
Bigger Picture View:
Trade active
We are at internal supply area action, price break it and make this level weak now, we should expect another test on this zone soon and we should prepare for it to break up finally. More update will follow for possible buy back area for BTC.Trade active
Price moving smoothly, we should expect a major test on the external supply area soonest. Enjoy the rideTrade active
Price heading for the last leg of the wave which will lead us towards a final test on 70k area.Trade active
Trade active
Trade closed manually
Major change of structures observed
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.