BTC - H4 - FALLING WEDGE IN PROGRESS
H4 : On one hand a falling wedge formation is in progress with an attempt to upside breakout (not confirmed yet !)
In addition, the breakout area coincides with the clouds resistance zone and also, slightly higher with the MBB
Watch 36500-37000 trading range for clue
An upside breakout of that area would directly put the focus on the 38'000 level which is currently the former
downtrend line resistance.
A failure to do it, would again refocus on former low of 33800-34500 area.
In addition, the breakout area coincides with the clouds resistance zone and also, slightly higher with the MBB
Watch 36500-37000 trading range for clue
An upside breakout of that area would directly put the focus on the 38'000 level which is currently the former
downtrend line resistance.
A failure to do it, would again refocus on former low of 33800-34500 area.
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