TradeExpertAlert

Bitcoin potential incoming dump? Critical zone

Short
TradeExpertAlert Updated   
BITMEX:XBTUSD.P   Bitcoin


Hello guys welcome to my analysis today for BTC
Bitcoin is now in a critical resistance area if Bitcoin did not hold at 8891 possible may retest back to our support zone at 8719 - 8600 region and potential consolidate before going to move upward. we can see a bearish pattern on the chart which is a rising wedge and now BTC broke the trendline support one of a confirmation of a bearish sign let's wait for another 24h to see if bitcoin will have a pullback to our support region.

Stay safe guys happy trading
Comment:
Rising wedge pattern now confirmed breakout from the downside congrats those who shorted BTC
Trade closed: target reached

Related Ideas

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.