intial0

BTC Descending Wedge, more downside with potentially huge upside

BINANCE:BTCUSDT   Bitcoin / TetherUS
We saw a falling wedge in btc last month and another one that is larger now. The previous one played out perfect and we tested for a higher high but failed. We are now intersecting two supports that are diagonal lines which is the support within the middle of the big diagonal channel and the bottom support line we bounced off of in February. We will also bounce off a major fib level. Target after 7,1 is 8,971, if we break bear trend then the new target is moon.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.