Good Day my fellow traders! BTCUSD has formed a rising wedge pattern and is set to breakout of it within the next 24 hours. This pattern is indeed a Bearish Pattern, with a percentage high as 65% breakout to the downside. But with BTCUSD''s current momentum, the price action can breakout to the upside as well. If BTCUSD is able to out due the odds of this pattern...its next resistance will be $51-$57k. Also, please remember that BTCUSD was trading inside a massive falling wedge pattern which broke to the upside on the daily last month(July 20, 2020). My targeted price out of that pattern was for $48k and that target is nearing.
Take Note: Breaking to the downside would be creating a new lower high on the DAILY...which is bullish in my opinion =)
Let's watch what BTCUSD decides to do.
Targets:
Upside Target-$49k
Downside Target-$40k
Disclaimer: I'm NOT a financial adviser... :-)
Peace Love Blessings ;)
Take Note: Breaking to the downside would be creating a new lower high on the DAILY...which is bullish in my opinion =)
Let's watch what BTCUSD decides to do.
Targets:
Upside Target-$49k
Downside Target-$40k
Disclaimer: I'm NOT a financial adviser... :-)
Peace Love Blessings ;)
