Hi,
Short term outlook on BTCUSD (H4 TF)
As you can notice on the chart, we can see two patterns :
- An ascending triangle (black lines) with a small fakeout (red wick) : bullish pattern
- A rising wedge (red line and black line) : bearish pattern
In the next hours, it will be interesting to see which one will play out.
If the bullish case plays out (i.e candle close above the red line) target is approx 17-17.2 k$
If the bearish case plays out (i.e black support breaks) looking for 14.5 k area or even the 13.5k area.
let's wait and see?
DYOR
Short term outlook on BTCUSD (H4 TF)
As you can notice on the chart, we can see two patterns :
- An ascending triangle (black lines) with a small fakeout (red wick) : bullish pattern
- A rising wedge (red line and black line) : bearish pattern
In the next hours, it will be interesting to see which one will play out.
If the bullish case plays out (i.e candle close above the red line) target is approx 17-17.2 k$
If the bearish case plays out (i.e black support breaks) looking for 14.5 k area or even the 13.5k area.
let's wait and see?
DYOR
Trade active:
Look like BTC broke out from the rising wedge and is retesting ..