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zac_destroys_all
Mar 1, 2021 5:44 AM

BTCUSD falling wedge Long

Bitcoin / U.S. dollarBitstamp

Description

If you have been following my analysis on BTC you would know I've been paying close attention to the upper trendline ever since I noticed a head and shoulders pattern forming. That same trendline has continued to be major resistance. The bottom trend line has acted as decent support but we almost lost it. for a long time now I've been watching this broad bullish falling wedge develop between these two lines. I suspect that it will break to the upside and have us test resistance at 48480. once 48480 is retaken BTC will most likely continue it's slow grind back to ATH.

Comment

Keep calm wait for a retest
Comments
Dave-FX-Hunter
Nice view, keep it up
zac_destroys_all
@Dave-FX-Hunter thank you
MoneyMakerTrade
Excellent work !
zac_destroys_all
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