BTC/USDT : Moving into a rising wedge!

28 Apr 2022

BTCUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

BTC has formed a range here on current weekly's movement.
Also, there's a formed rising wedge that currently covers BTC's movement.

Based on the data we have, If BTC breaks below the wedge it should drop to the lower range's level.
For now, we have the confirmation for possible Longs till $40600 as BTC's moving above $39200!

I'm looking for two possible movements to Take Position on...

- Sweep on Range's high, And look for Short on any rejection.
- Break below the rising wedge and take any possible retest into pressure lines ( Broken support or broken pattern ).

On another side; If BTC manages to hold above $40600 till the new weekly open.
There'll be a chance for bulls to push the price above $40800 towards $42400 in Monday's range.

Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
Helical_Trades