#BTC is not looking good in the shorter time frame!

12. Dez. 2022

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#BTC UPDATE

BTC breakout this rising wages pattern and currently retesting it.

BTC doesn't look good, According to the pattern BTC can drop 10% after the confirm retest.

If BTC breaks out this lower resistance then the pattern will be invalidated.

Stay tuned I will keep updating

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12. Dez. 2022

Anmerkung

#BTC

BTC again got dismissed below the recent high of $17,424 and now trading over the mid-range support.

It is a choppy range for BTC, and further range-play is expected in that narrow range.

An effective breakdown below the mid-range would indicate a push toward horizontal support, while a strong break over the new high of $17,424 would be a bullish sign for BTC.

12. Dez. 2022

Anmerkung

If we make a channel then we can see BTC is bouncing from the lower level of this rising channel.

If it holds this support then we can expect some decent bounce.

12. Dez. 2022

Anmerkung

#BTC Falling Wedge Formation in daily timeframe

RSI & MACD both Printing Bullish Divergences

MACD Bullish Crossover also Confirmed

Now, Bitcoin Bulls need to Clear the 18.4k Crucial Resistance to Confirm the Wedge Upside Breakout.

13. Dez. 2022

Anmerkung

#BTC

BTC bounced from the support trendline of the symmetrical triangle above the mid-range.

There is indecision in the market. A ton of liquidity has been made on both sides. A high-volume move is normal from here.

We've to keep an eye on a sustained breakout/breakdown, which will confirm the short-term direction of the market.

Stay tuned