Btc descending broadening wedge pattern
$BTC Analysis
February 23th, 2022
$BTC forming a descending broadening wedge pattern, BTC is creating the perfect price action for a breakout. I am still waiting for a clear break of structure before looking for long opportunities in the market, MACD is showing bullish momentum, RSI and OBV are neutral.
**Trade Idea:**
- Watch for bullish pressure at the blue resistance to retest and break the upper resistance
- Enter with stops below the value low (36000ish)
February 23th, 2022
$BTC forming a descending broadening wedge pattern, BTC is creating the perfect price action for a breakout. I am still waiting for a clear break of structure before looking for long opportunities in the market, MACD is showing bullish momentum, RSI and OBV are neutral.
**Trade Idea:**
- Watch for bullish pressure at the blue resistance to retest and break the upper resistance
- Enter with stops below the value low (36000ish)