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BTC/USD Potential Downward Movement

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
CollegeofPips  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Support and Resistance Supply and Demand Fibonacci Forex Technical Analysis priceaction fakebreakout
12
14
supportandresistance supplyanddemand fibonacci forex technicalanalysis priceaction fakebreakout
:bulb: Trade Idea

📈 Sell Limit BTC/USD @ 18673

:dart: Target Profit 17402

:octagonal_sign: Stop Loss 19303

:x: Do not risk more than 1% of your account on each trade

:slight_smile: Good Luck!

BTC is trading withing a bearish ascending wedge. This type of wedge indicates usually a potential reversal. The price reached a strong resistance (18681). A higher correction is expected and then a move downward towards the 17402 level.

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