Hi Fellow Traders, Here's a Technical outlook on Bitcoin!
Technical Analysis
BTCUSDT has broken out of the double-top pattern. Subsequently, the price retested the neckline of the double-top pattern while simultaneously forming a rising wedge pattern. A potential breakout scenario of the pattern suggests an impending downward movement. The MACD indicator has confirmed this possibility by forming a death cross, indicating a likely decline toward the target area.
Fundamental Drives
Binance and Coinbase are currently facing regulatory actions by the U.S. Securities and Exchange Commission (SEC), which is causing fear among crypto investors. This fear has been manifested in a substantial and ongoing downward movement of cryptocurrencies to date. The fear may persist until the case is resolved.
The roadmap will be invalid after reaching the target/resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BTCUSDT"
Technical Analysis
BTCUSDT has broken out of the double-top pattern. Subsequently, the price retested the neckline of the double-top pattern while simultaneously forming a rising wedge pattern. A potential breakout scenario of the pattern suggests an impending downward movement. The MACD indicator has confirmed this possibility by forming a death cross, indicating a likely decline toward the target area.Fundamental Drives
Binance and Coinbase are currently facing regulatory actions by the U.S. Securities and Exchange Commission (SEC), which is causing fear among crypto investors. This fear has been manifested in a substantial and ongoing downward movement of cryptocurrencies to date. The fear may persist until the case is resolved.
The roadmap will be invalid after reaching the target/resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BTCUSDT"
トレード稼働中
Confirmed Breakout of the Rising Wedge Pattern, Bearish Scenario comes again in the crypto market :(Like the content for more uploads ahead.
ノート
I am still waiting for the market to move significantly for the next post. Please be patience guys :)
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関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。