Alpha Capital Wealth XBTUSD moon or doom let’s find out

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract

1. Descending channel broken to upside = bullish
1.1⚠️ caution : be aware of false breakout
1.2 rising wedge can confirm a false breakout back into the descending channel
1.3 if rising wedge confirms the buy entries then possible inverse head and shoulders can develop over time and lead to more upside

This is a weekly scope and will take a few weeks to materialize

But this can provide enough guidelines for lower time frame analysis