Btcusdt has been trading in a vivid falling wedge for a while but I'm skeptical on why a falling wedge should have a negative dent on cryptocurrencies as a whole. Right inside the wedge , I was able to identify a formation of descending channel leading us straight to the edge of the wedge . We could prolly see a breakout from the wedge or the descending channel could be in as a continuation pattern to retest the previous supports but all the same the rise to 36k or perhaps beyond is still inevitable. I'd be glad to see your reactions to what i conceive. Like my post if its helpful and follow up for more.
Trade active:
Btc is forming a diamond pattern and it's at the verge of breaking out. I have my indicators all on green sides, hopefully we should see a burst to the lower high on the falling wedge and possibly a final breakout from the falling wedge too.
Trade active:
Btc broke resistance on the lower high of the descending channel about 12hours ago with little impulse move. Btc is bullish but weak, the specified target on chart can be reached in a couple of days or weeks. You can take a long position now. Safe trades.
