#BTC/USD
#Bitcoin couldn't break the main descending channel after breaking our short-term wedge pattern and is still undecided as to which direction it will go. Should take some time to confirm one way and is currently trading around 48700$ trying to retest the wedge trendline and go upward more and hit 50000$. We're bullish until BTC stays above 48000$ area supports.
Technically, the situation remains positive for now at the daily frame with the MACD and WaveTrend pointing up. On a 4h time frame, the indicators are showing signs of bearish curves.
Scenario 1: Going back to 48200$ and getting up directly to +50000$.
Scenario 2: Losing 47280$ support by going down to our last 4h lower point to 46000$ or maybe 44000$ as the next stop,
⚠️ We will open new positions after getting confirmation about the direction.
#Bitcoin couldn't break the main descending channel after breaking our short-term wedge pattern and is still undecided as to which direction it will go. Should take some time to confirm one way and is currently trading around 48700$ trying to retest the wedge trendline and go upward more and hit 50000$. We're bullish until BTC stays above 48000$ area supports.
Technically, the situation remains positive for now at the daily frame with the MACD and WaveTrend pointing up. On a 4h time frame, the indicators are showing signs of bearish curves.
Scenario 1: Going back to 48200$ and getting up directly to +50000$.
Scenario 2: Losing 47280$ support by going down to our last 4h lower point to 46000$ or maybe 44000$ as the next stop,
⚠️ We will open new positions after getting confirmation about the direction.