Hello Everyone!
BTC have been formed a Wedge in 4h time frame and now broke from the bottom as you can see in the main picture.
Also previously price was in a Trading Range with a 1h Demand Zone and its have been Engulfed (sign of weakness) :
So I expect to hit its measured target which is match to the next Demand 4h. (Main picture)
From there price could jump up to the Wedge to complete its pullback.(Perhaps the 1h supply zone, Second picture)
After that price could fall to the 1D Demand Zone which is match with the Wedge measured target (19,700)
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BTC have been formed a Wedge in 4h time frame and now broke from the bottom as you can see in the main picture.
Also previously price was in a Trading Range with a 1h Demand Zone and its have been Engulfed (sign of weakness) :
So I expect to hit its measured target which is match to the next Demand 4h. (Main picture)
From there price could jump up to the Wedge to complete its pullback.(Perhaps the 1h supply zone, Second picture)
After that price could fall to the 1D Demand Zone which is match with the Wedge measured target (19,700)
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Liked the idea?
Comment, Like, Follow ✌