📊#BTC Rising Wedge?
🧠From a structural perspective, we're retesting the S/R pattern, which has been tested multiple times and is a support/resistance conversion zone. The price is currently facing resistance after rising from below. If we can't break through effectively, we need to be wary of a pullback.
➡️From a model perspective, a rising wedge pattern appears to be forming here. This pattern forms during a downtrend and is therefore considered a bearish pattern, requiring caution regarding a potential pullback!
⚠️Note that if we break through the previous high H again, the bearish expectation will weaken, and the next resistance zone to watch will be around 70000-72300.
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BTCUSDT.P
🧠From a structural perspective, we're retesting the S/R pattern, which has been tested multiple times and is a support/resistance conversion zone. The price is currently facing resistance after rising from below. If we can't break through effectively, we need to be wary of a pullback.
➡️From a model perspective, a rising wedge pattern appears to be forming here. This pattern forms during a downtrend and is therefore considered a bearish pattern, requiring caution regarding a potential pullback!
⚠️Note that if we break through the previous high H again, the bearish expectation will weaken, and the next resistance zone to watch will be around 70000-72300.
🤜Follow me, and I'll guide you through market changes. Remember to like💖 and share💬
BTCUSDT.P Trade attivo
#BTC
The price is close to the support at the lower edge of the rising wedge. If your profit is enough, you can manually reduce your holdings by 50%.
Trade chiuso: obiettivo raggiunto
#BTC USDT.P Crossing 60,800.0
🎯TP1✔️
🔒Lock in 70% profit💰
➡️SL moves to breakeven⚖️
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🔗 BYBIT 👉WOLFKING👇
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🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
💎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👇
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.