📊#BTC Falling Wedge🚀
🧠From a structural perspective, we've reached the vicinity of the neckline support zone on both the weekly and monthly charts, so please be cautious about shorting here!
➡️From a chart perspective, there's a chance a bullish wedge pattern is forming here. If it successfully breaks through the upper edge of the wedge, we could see a significant surge.
⚠️Note that in extreme market conditions, we need to observe whether strong support can be found at the lower edge of the wedge.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P
🧠From a structural perspective, we've reached the vicinity of the neckline support zone on both the weekly and monthly charts, so please be cautious about shorting here!
➡️From a chart perspective, there's a chance a bullish wedge pattern is forming here. If it successfully breaks through the upper edge of the wedge, we could see a significant surge.
⚠️Note that in extreme market conditions, we need to observe whether strong support can be found at the lower edge of the wedge.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Trade closed: stop reached
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💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.