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DJ123
Jun 7, 2020 10:28 PM

BTCUSDT! 4 hour Falling Channel! Long

Bitcoin / TetherUSBinance

Description

BTCUSDT Daily Update!
My Thoughts: Bullish
Current Price: 9729
Divergence: Bullish Divergence forming
Daily Pattern: Ascending Triangle
Possible Pattern: 4 hour Falling Wedge
Current Resistance: 9687
Current Support: 9687

Targets are take profit areas for me!
Only if Resistance Breaks!
Must Close above Current Resistance: 9687
1) 9859
2) 10,000
3) 10,214
4) 10,380
5) 10,592
6) 10,976
7) 11,416
8) 12,000

Targets are take profit areas for me!
BearishTargets: (Support) 9687
1) 9687
2) 9455

Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
Comments
VincePrince
Thanks for sharing, I see it similarly
HDTV-007
it's doable... coz according to ATR, it's still ascending... triangle
DJ123
@HDTV-007, i totally agre with the daily ascending triangle pattern, but if you look at the smaller time frame (4 hour chart) there was a falling channel taking place.
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