Short

BTCUSDT Rising Wedge

Aktualisiert

BTCUST moving accordingly to Rising Wedge but Yellow horizontal line working as Resistance and Red horizontal , White and Orange dashed Ascending line as Support.
This is just Short Term scalping.
If supports break then Price would be around 31.15k

Anmerkung

There is a Inverse H&S Pattern which I didn't mentioned.
That could playout if BTCUSDT breaks above Yellow horizontal line but this scenario needs Volume.

Anmerkung

currently 100 EMA working as support

Anmerkung

Bulls showing Strength

Anmerkung

Fights going on B/T Bulls and Bears

Anmerkung

Bears pushing the Price down.. but Bulls also trying to push up the Price. 100 EMA was working as a Support and right now Dashed Orange Ascending line also Supporting the Price

Anmerkung

Looks like Bears taking control.
20 EMA needs to work as Support.

Anmerkung

All Supports just got Penetrated.

Anmerkung

Maybe Shooting Star Pattern is playing out.

Anmerkung

Price could Wick down to approx. $32763.
That could be Fake out.

Anmerkung

Bears taking it seriously but slowly , Candles making Lower High.

Anmerkung

I'm Ending this Scalping show.

John_rsm

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ETH Head & Shoulder Pattern TA target $2059.65

von John_rsm

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