BTC / USDT
🌟 Techincal Analysis🌟
Price is moving inside rising broadning wedge
And recently formed small bullish flag or traingle
Iam on bullish side but should be ready for everything
First Scenario
Breakout and close above traingle then there is high chance we can see another bull run directly up to 22k level
Second Scenario :
Breakdown and close below the traingle will make price drop to 17800$ area this level is very important level (Lower trendline of wedge and horizontal line support)
If price reached there we can expect pump to 20k+ and more
🚨Invalidation :
This market is wild and we can change our view based on price action changes:
Break below 17800 (wedge trendline) is considered big Bearish sign
And mean this wedge setup is invalidated and price can go into deep correction
Whats your opinion ?
Good luck and happy trading 🌹
🌟 Techincal Analysis🌟
Price is moving inside rising broadning wedge
And recently formed small bullish flag or traingle
Iam on bullish side but should be ready for everything
First Scenario
Breakout and close above traingle then there is high chance we can see another bull run directly up to 22k level
Second Scenario :
Breakdown and close below the traingle will make price drop to 17800$ area this level is very important level (Lower trendline of wedge and horizontal line support)
If price reached there we can expect pump to 20k+ and more
🚨Invalidation :
This market is wild and we can change our view based on price action changes:
Break below 17800 (wedge trendline) is considered big Bearish sign
And mean this wedge setup is invalidated and price can go into deep correction
Whats your opinion ?
Good luck and happy trading 🌹
Comment:
Rising broadning wedge in big picture
