#Bitcoin price action. Falling Wedge in running
Bitcoin price action in 4 hour time-frame saying that before btc had formed rising wedge, now it is running in falling wedge.
Keep it simple always with price action.
Wait for proper break-down or break-out with retest for further confirmations. Main support is now in 4 hour time-frame is 52k$ also first demand zone and then next demand zone is 48k$. Btc should break-out with 52k$ or from here because next demand zone 48k$ is bearish zone.
Personal view: Btc can be long from here but with stop-loss of close below 52k$.
Do your own research before any kind of investing. Mine technical analysis is not equal to financial advise. If you like my idea kindly do like and follow.
Keep it simple always with price action.
Wait for proper break-down or break-out with retest for further confirmations. Main support is now in 4 hour time-frame is 52k$ also first demand zone and then next demand zone is 48k$. Btc should break-out with 52k$ or from here because next demand zone 48k$ is bearish zone.
Personal view: Btc can be long from here but with stop-loss of close below 52k$.
Do your own research before any kind of investing. Mine technical analysis is not equal to financial advise. If you like my idea kindly do like and follow.
Trade closed: stop reached:
Trend-line break with close below.
Structure invalidated.
Structure invalidated.