Faibik

Bitcoin | Falling Wedge Formation in 1D Chart..!!

Long
BITFINEX:BTCUSD   Bitcoin
#BTC (Update)


In daily timeframe Chart, Bitcoin is Forming Falling Wedge Pattern..!!

RSI Indicator is Printing Classical Bullish Divergence..

At the Moment, Bulls testing the Resistance 35k, If resistance got Cleared, Expecting Huge Bullish Wave towards the 48k in Coming Days.

In case of Rejection, Bitcoin Might Retest the 30k Area (Lower Low), If Daily Candle Closed Below the 29k, then Falling Wedge Pattern Will be invalid.



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