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TradingZzone
Aug 14, 2022 11:06 AM

$BTC Bitcoin is clearly forming a bearish downtrend rising wedgeΒ Short

Bitcoin / U.S. dollarBitstamp

Description

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As you can see in my chart Bitcoin is forming a Bearish downtrend Rising Wedge in Daily TF. Success rate of this pattern is 65%-70% and target is 19.2k

At this point, Bitcoin tackles a resistances at 25K-25.5k level, SMA-100 and Ichimoku Cloud...

Trade closed: target reached

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Target reached very preciselyπŸ’°
Comments
gocer79
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πŸ˜‚πŸ€£
TradingZzone
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@gocer79, πŸ€”πŸ€·πŸ»β€β™‚οΈ
masoudmemari311
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Very good but dxy new hh. Btc 8k
Trade_Wolf
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Great chart I feel the same way, my Stoch RSI is showing that BTC has to break above 102 for an extended bullish pattern (Very Unlikely) and will definitely bring a hard dump to your target or even lower to my target of 16.5k
TradingZzone
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@Trade_Wolf, Thanks
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