Bitcoin under wedge's support. High probability correction Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jan 19, 2023 4:18 AM

After it soared last week, Bitcoin started to consolidate and although tried new highs, couldn't keep gains, and the price action was contained in a small rising wedge.
Yesterday the cryptocurrency has broken and rising support trend line and this could be an indication of a correction.
For a short term trade, I'm looking to sell rallies

Comments

trytofeelpositive

⋅ Jan 19, 2023 1:13 PM

possible scenario, i think something similiar, we need some consolidation right now

JoyBoyVegae

⋅ Jan 19, 2023 5:02 AM

Should know could go a lot lower than that

Mihai_Iacob

⋅ Jan 19, 2023 5:03 AM

@Richburst9, of course, but for now i m satisfied with 19k

transparent-fx

⋅ Jan 20, 2023 6:04 PM

Well explained. Here's my thought on this pair

ProjectSyndicate

⋅ Jan 20, 2023 2:41 PM

reliable technical overview, thumbs up

TradingBrokersView

⋅ Jan 20, 2023 2:25 PM

Solid post, detailed and well written. We tend to have a similar technical structure on our post as well. Check it out below:

JoeChampion

⋅ Jan 20, 2023 2:25 PM

Great view Pal!

TradingShot

⋅ Jan 20, 2023 1:14 PM

Beautiful chart! Here's our idea:

Rockqet

⋅ Jan 20, 2023 3:39 AM

hi. i agree with you, the resistance level seems quite strong and hard to break out, look at my idea here