TradingView
CRYPTOMOJO_TA
Aug 29, 2022 5:15 PM

#BTC is forming this bullish falling wedge pattern!! Long

Bitcoin / TetherUSBinance

Description

Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I post short mid and long-term trade setups too.
Let’s get to the chart!

I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.

#BTC UPDATE

If we look at the 4hour timeframe BTC is making this falling wedge pattern if it breakout this pattern with confirmation then according to the pattern it can pump up to 16%.

RSI is making this bullish divergence move

In case this pattern will invalid then it can drop up to the 18k as I mentioned in the last update.

This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.

Thank you

Comment


#BTC got rejected from the upper resistance of this falling wedge pattern currently we have a 19.5k level and lower support of this pattern as support.
if it breaks down this supports then it can drop up to the 18k level.

Let's see if this support will be able to hold BTC or not.

Stay tuned

Comment


#BTC UPDATE

As expected BTC bounced from the 19.5k level and is currently breakout this falling wedge pattern.
According to this pattern, we can expect a bounce up to 15% from here.
Hope this time it will not do any fake out.

Stay tuned
Comments
TheNewsCrypto
Good Observation
DemoDiaryFX_Trading
I just keep the bearish scenario at the main one for me
CRYPTOMOJO_TA
@DemoDiaryFX_Trading, agree thanks for sharing
RLinda
Strong setup. Thanks. Keep it up)
CRYPTOMOJO_TA
@RLinda, welcome
bestfarbit74
potential H&S can form. agree for long
CRYPTOMOJO_TA
@bestfarbit74, Thanks for the info
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