BTC reversal incoming! Back to 12k and 14k
The least BTC can go is $10300 areas, That's the last trendline i have.
But there's a way we can confirm if BTC has hit the lower Trendline. And that is the Falling Wedge pattern forming on BTC.
We can clearly see a nice Falling Wedge patter on 1H Chart, This means sellers are getting weaker which is a good sign for reversal. Whenever be breakout of this Falling wedge, We're down with the correction and BTC Should start moving upwards.
The stop for this downtrend should be between $10300-$10800 areas and it'll be confirmed only when we breakout from the falling wedge
But there's a way we can confirm if BTC has hit the lower Trendline. And that is the Falling Wedge pattern forming on BTC.
We can clearly see a nice Falling Wedge patter on 1H Chart, This means sellers are getting weaker which is a good sign for reversal. Whenever be breakout of this Falling wedge, We're down with the correction and BTC Should start moving upwards.
The stop for this downtrend should be between $10300-$10800 areas and it'll be confirmed only when we breakout from the falling wedge
Trade closed: stop reached