pcmonk

Bitcoin Bull Market Back Or Fake Pump?

Short
TVC:DXY   U.S. Dollar Index
BTC/3H Back to the rising broadening wedge
Please Boost,Follow,Comment it MOTIVATES me to do more for real!!

Yesterday we were inside a rising wedge but we Also were forming a pennant at the top of the wedge which was a sign of continuation to the upside.
we exited the wedge and we went to ~24900 (Touching the top of our rising broadening wedge). there is a resistant ~25214 which it jebaited it and not reached it YET , we could legup and liquidate all the high leverage shorters or crash back down

we could also go higher and touch ~28K then start forming a new range between 28k and 25k which is less likely to happen.
More liquidity to the downside than upside and that is the reason why we go up with less volueme than we go down.
Thanks for watching!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.