BTC/USDT 4HOUR UPDATE
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BITCOIN UPDATE: -4-hour timeframe, the price has been stuck in a static range between the 21K level and the 18.5K level for quite some time now. Meanwhile, Bitcoin has been forming a bearish wedge pattern (as displayed in the chart below).
The price formed a double-top pattern, was rejected from the 20.5K resistance level, and is now testing the lower threshold of the wedge.
In the event of a decline, the market would aim for the essential 18K support level, which may be breached and fall even deeper. On the other hand, the upper edge must be broken upward to invalidate the bearish wedge.
In conclusion, the multi-week descending trendline is currently the main barrier in BTC’s path toward the 21.5K and
25K levels.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN UPDATE: -4-hour timeframe, the price has been stuck in a static range between the 21K level and the 18.5K level for quite some time now. Meanwhile, Bitcoin has been forming a bearish wedge pattern (as displayed in the chart below).
The price formed a double-top pattern, was rejected from the 20.5K resistance level, and is now testing the lower threshold of the wedge.
In the event of a decline, the market would aim for the essential 18K support level, which may be breached and fall even deeper. On the other hand, the upper edge must be broken upward to invalidate the bearish wedge.
In conclusion, the multi-week descending trendline is currently the main barrier in BTC’s path toward the 21.5K and
25K levels.Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.