BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSD moving in up trend channel aslo showed another up trend channel we near resisitance lines
and I see very intresesting pattern Risisng wedge - Of course, not all patterns work. And shorting a bull market is it risky.

We have a good fundamental analysis - about halving. Coronavirus in China, many Chinese people sit at home and very often the biggest movements in the Asian session.
I believe in the continuation of the bull market, especially if you look at the altcoins that have already made good movements.
Now I see an exponential trend

that's why I'm waiting for a small correction

In 9600 zone I see very big wall, But I think big player will close his position above 9000

I think there will be a flat and after a fall to the support line

Best Regards EXCAVO
Feb 04
Trade active

Comments


agreed
+2 Reply
This rising wedge doesn't look right.
+1 Reply
Mikeiavelli globaluebertrader
@globaluebertrader, it's less of a wedge than it is a channel, dunno why he choose that point on the left shoulder/neckline.

Reply
What will happen next month with Bitcoin, Feb. 2020?

+1 Reply
Good point!
+1 Reply
That will be a big bearish wedge at the end ))
Reply
hi
a new work from me. this chart contains the resistance node that hold the price from growing further. so watch for this zone carefully
Reply
hello) it's my new btc analysis. there are some changes now and better to continue to short it only if price lose local support
Reply
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