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Tilen_tradershub
Sep 27, 2021 7:49 AM

BTC forming a falling wedge Long

Bitcoin / USDFTX

Description

Bitcoin is still forming a falling wedge and currently moving to the upper resistance, where I expect strong bear hands that will push BTC down to lower support around 38-39k level. That would be perfect scenario to load some more longs, as BTC will break to the upside in next attempt. We need to be patient on this level and for wedge to play out. Wedges are bullish patterns and I expect BTC to reach back +50k very soon. During this time Bitcoin will lead most altcoins. October should be very good month as higher time frame is still bullish.
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