BTC is still moving in the falling wedge. The lower wedge trend line currently coincides with major support (blue box), golden pocket Fibonacci level and on top there is a bullish divergence on the 4h TF.
Interestingly, the daily 200-ema sits right below the blue support box providing even more support...
Thus there is a lot of confluence here and a decent chance that BTC moves up rather sooner than later. Break of falling wedge could mean price moves ~25% up.
Comments are welcome.
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DISCLAIMER:
This is neither a trading nor a financial advice.
You are responsible for your own actions so do your own research.
Interestingly, the daily 200-ema sits right below the blue support box providing even more support...
Thus there is a lot of confluence here and a decent chance that BTC moves up rather sooner than later. Break of falling wedge could mean price moves ~25% up.
Comments are welcome.
Please like & follow for more TA.
DISCLAIMER:
This is neither a trading nor a financial advice.
You are responsible for your own actions so do your own research.