The Battle of Forty for BTC
Hey there. I hope everyone's doing fine.
Turns out, Bitcoin has formed a descending broadening wedge which is usually expected to end with a bullish breakout. This pattern belongs to 4H timeframe but, I think it is applicable to daily timeframe as well.
What do you think about this situation? Let me know in comments section. I think BTC/USDT has had enough downside and it could be the time for a reversal.
I hope you enjoyed this and if so, make sure to like and consider to subscribe.
Buy the way, If you had any question about red and green line, please check the analysis which is linked below.
Turns out, Bitcoin has formed a descending broadening wedge which is usually expected to end with a bullish breakout. This pattern belongs to 4H timeframe but, I think it is applicable to daily timeframe as well.
What do you think about this situation? Let me know in comments section. I think BTC/USDT has had enough downside and it could be the time for a reversal.
I hope you enjoyed this and if so, make sure to like and consider to subscribe.
Buy the way, If you had any question about red and green line, please check the analysis which is linked below.
Kommentar:
Since a successful breakout opens the gate for $40k breakout, I called this the battle of forty.
Trade geschlossen: Ziel wurde erreicht:
As expected.
Cheers.
Cheers.
Kommentar:
Long shadows in daily timeframe confirms that $40k is a very stiff resistance. I hope to see an imminent breakout.
