Get started
itwasblue

50k INCOMING ON BTC?

BTCUSDT SPOT (BYBIT:BTCUSDT)  
itwasblue Updated   
BYBIT:BTCUSDT   BTCUSDT SPOT
Chart Patterns Cryptocurrency BTCUSDT Broadening Wedge downtrend
4
5
chartpattern cryptocurrency btcusdt broadeningwedge downtrend
Waiting on BTC to break above this downtrend channel.Daily candle close above this downtrend channel will lead BTC to new target of around 50k.

There's another scenario i.e. Broadening wedge pattern on daily chart which is also a sign of bullishness
snapshot

Failing to break above downtrend Channel will lead BTC to hit new Lows


Comment:
Daily candle of BTC has closed below downtrend channel which is around 35k. Seems like BTC having trouble breaking those level which is also 0.5 fib level (35K). Failing to break above downtrend channel will lead to new lows for BTC.
Target: 31.1K, 28.8K and 25K
snapshot
Comment:
target of 31.1k been hit as btc rejected from downtrend channel, currently looking at this
snapshot
Comment:
another try to break through 35k and 0.5fib level
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.