The_New_Disciple

BTC/USDT 1 Hour Short term Bearish-Long term Bullish

The_New_Disciple Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
This idea shows a 30 minute descending triangle inside a 1 hour descending broadening wedge. The descending triangle is the catalyst that moves the price action down to do its second bounce inside the broadening wedge. To validate this we want to see the price action continue to be rejected and head to the bottom of the descending triangle, break to the downside finding support at the bottom of the broadening wedge. If this plays out it we will see some very bullish movement. With a possible trend reversal coming in on Bitcoin Dominance this could be where Bitcoin really makes some impressive price movement. I have included a link to my Bitcoin Dominance 6 Hour chart which shows a set of three descending scallops which what I see coming is a set of ascending scallops which would translate into huge pumps on Bitcoin with rounded bottoms allowing the altcoins to breathe which is a win for everyone.
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