TradingView
mbn_global
Jan 19, 2021 6:37 PM

₿TC: Most of the Time Rising Wedge Breaks Downside ➡️ 33K Short

Bitcoin / TetherUSBinance

Description

Hello Dear Traders,
From 2 days btc is struggling hard to cross the supply zone, whenever it tries to cross bears are selling hard.
also on daily timeframe btc is trading in symmetrical triangle, today btc made a rising wedge chart pattern on hourly time frame and most of the time it breaks downside.
once price breaks lower trendline we can see btc testing 33k. also alts will dump with tht. btc needs a strong health correction to test 50k.
Comments
P_S_trade
agree
CollegeofPips
Appreciate mentioning this wedge formation 🤛
mbn_global
More