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Babenski
Sep 25, 2021 10:04 AM

BTC in gaint falling wedge Long

BINANCE:BTCUSDT1D
Bitcoin / TetherUSBinance

Description

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BTC / USDT

BTC price is playing inside gaint falling wedge

Falling wedge is a bullish pattern but ONLY after breakout of resistance .. otherwise it can continue in downtrend movements inside it


📌 HERE IS THE NEXT PLAN :

We will wait one of these scenarios to play out

1- Breakout of multi resistance zone around 45k-46k then we can go up to test 48k-51k again

2- Continue move in downtrend until price reach one of strong supports below and there we will look for potential bullish price action


Always be reactive not predictive
Best regards 🙏

Comment

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Quick update for BTC here [\b]👇

Comment

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Falling wedge finally brokeout

Here next short term view 👇
Trend AnalysisChart PatternsFundamental AnalysisBTCUSD
Comments
ProSignalsFx
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So your final target is where for reversal?
Babenski
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@ProSignalsFx breakout of 45-46k or bounce from lower supports 38k-35k
rashidnasir301
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@Babenski, you are a good analytic
daomi
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drop to 38k before bouncing to 47k in next week
Babenski
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@daomi mmm lets see
Tradersweekly
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I am bearish. But I like how you stated that pattern is not valid until breakout to the upside. Wish you good luck!
Babenski
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@Tradersweekly ofcourse
LuqmanMikhaelNaufal
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to the moon again.. after that will down to the earth..
Oct onwards is buyer market for bitcoin.. a lot of swinger HODL and keey buy now
Tradersweekly
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@LuqmanMikhaelNaufal, Downtrend is still prevailing.
trytofeelpositive
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share my idea with u, what do u think? i've thought that we will rise in 46-47k area, then down
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