BTC/USD is forming rising wedge pattern.
All in place:
- at least two reaction highs to form the upper resistance line, ideally three, each reaction high should be higher than the previous high
- at least two reaction lows are required to form the lower support line, each reaction low should be higher than the previous low
- ideally, volume will decline as prices rise and the wedge evolves
This information is not a recommendation to buy or sell.
All in place:
- at least two reaction highs to form the upper resistance line, ideally three, each reaction high should be higher than the previous high
- at least two reaction lows are required to form the lower support line, each reaction low should be higher than the previous low
- ideally, volume will decline as prices rise and the wedge evolves
This information is not a recommendation to buy or sell.
Comment:
First target 10300 as it will be retest of down-trending channel brake out.
Comment:
Pattern still valid
Comment:
30 MIN chart pattern still valid.
Comment:
BTC broke resistance of wedge
Comment:
Pullback. Looks strong but volume is not convincing
Comment:
Going down really fast. Daily volume is already higher than yesterday and we still have 13 hours of trading today.
Comment:
Approaching support - strong one.
Comment:
10300 reached like I said 5 days ago. For more updates please go to new idea
