Hello again guys.. welcome back..
Quick analysis, bitcoin is forming an ascending broadening wedge as you can see it in the chart. I draw lines for upper resistance and lower support from body to body candle on 4H timeframe. As of now it perfectly bounce little when it touch the lower line.
As long as the lower line hold, it can make a run up back to the upper line same as 7th Oct-11th Oct or make a reversal pattern.
But, if the candle body on 4H timeframe close below the lower line, this will be bearish continuation pattern.
Trade Safe, Thanks for reading..
Quick analysis, bitcoin is forming an ascending broadening wedge as you can see it in the chart. I draw lines for upper resistance and lower support from body to body candle on 4H timeframe. As of now it perfectly bounce little when it touch the lower line.
As long as the lower line hold, it can make a run up back to the upper line same as 7th Oct-11th Oct or make a reversal pattern.
But, if the candle body on 4H timeframe close below the lower line, this will be bearish continuation pattern.
Trade Safe, Thanks for reading..