fawaz1982

BTC Descending wedge breakout 3rd August

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
I was looking at 38600 as a key area of support at 100 & 200 EMA currently moving together and BTC is holding up above, as the next key support is @ 36600 (i would really hate to see this range again).
So maybe its my optimism or my denial but am seeing a descending wedge pattern which usually breaks upward hopefully to test resistance at 200 SMA @ 44700

Let me know what you think please>
thanks

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