GODsPLAN777

bitcoin bearish or bullish ?

KUCOIN:BTCUSDT   Bitcoin / Tether
1H TIMEFRAME :
BTCUSDT

As you can see in the chart, we have a descending wedge.
Basically, the descending wedge breaks from the ceiling. If we succeed from the ceiling, we can expect the market to be a bit balanced. It is too early to take a bullish view.

we Can Pullback to Breakout Event . But we must also consider the sales pressure that may cause us to continue to decline
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.