Hey there.
As you may have noticed, 20WMA and previous ATH around $20k where so promising but, price action tells another story. Meanwhile, Bitcoin is completing a descending broadening wedge which is expected to make a very sharp breakout. If and only if the breakout happens right here, there will be a good chance for change in trend and if not, a fall to support line of pattern puts even $1k Bitcoin in sight.
I hope $20k holds BTC/USDT but the bearish flag in red dotted line is worrying me.
What do you think? let me know in comments.
Cheers.
As you may have noticed, 20WMA and previous ATH around $20k where so promising but, price action tells another story. Meanwhile, Bitcoin is completing a descending broadening wedge which is expected to make a very sharp breakout. If and only if the breakout happens right here, there will be a good chance for change in trend and if not, a fall to support line of pattern puts even $1k Bitcoin in sight.
I hope $20k holds BTC/USDT but the bearish flag in red dotted line is worrying me.
What do you think? let me know in comments.
Cheers.
註釋
Good news! Bitcoin broke above resistance line of pattern. Next stop is resistance line of bearish flag.
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