BitcoinDiupdate BTC - DEALING WITH POSSIBLE DESCENDING WIDENING WEDGE - CM101
BTC / USD TA
Today we are presented with what is clearly a widening wedge forming on 4H Chart. What does this mean? It means that if within next day or two we don't see substantial break above resistance of $12,000 we can easily end up correcting back towards $9,000 zone or potentially lower.
Volume has been picking up at times however bears seem to be wanting to push it down towards $11,500 where they have control.
Keep an eye on resistance levels for next few hours, days.
Today we are presented with what is clearly a widening wedge forming on 4H Chart. What does this mean? It means that if within next day or two we don't see substantial break above resistance of $12,000 we can easily end up correcting back towards $9,000 zone or potentially lower.
Volume has been picking up at times however bears seem to be wanting to push it down towards $11,500 where they have control.
Keep an eye on resistance levels for next few hours, days.
Catatan
Just to be clear this pattern is overall bullish, but not when it's only 20% - 40% into patten
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.