#BTC is not looking good in the shorter time frame!

2022年12月12日

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#BTC UPDATE

BTC breakout this rising wages pattern and currently retesting it.

BTC doesn't look good, According to the pattern BTC can drop 10% after the confirm retest.

If BTC breaks out this lower resistance then the pattern will be invalidated.

Stay tuned I will keep updating

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2022年12月12日

註釋

#BTC

BTC again got dismissed below the recent high of $17,424 and now trading over the mid-range support.

It is a choppy range for BTC, and further range-play is expected in that narrow range.

An effective breakdown below the mid-range would indicate a push toward horizontal support, while a strong break over the new high of $17,424 would be a bullish sign for BTC.

2022年12月12日

註釋

If we make a channel then we can see BTC is bouncing from the lower level of this rising channel.

If it holds this support then we can expect some decent bounce.

2022年12月12日

註釋

#BTC Falling Wedge Formation in daily timeframe

RSI & MACD both Printing Bullish Divergences

MACD Bullish Crossover also Confirmed

Now, Bitcoin Bulls need to Clear the 18.4k Crucial Resistance to Confirm the Wedge Upside Breakout.

2022年12月13日

註釋

#BTC

BTC bounced from the support trendline of the symmetrical triangle above the mid-range.

There is indecision in the market. A ton of liquidity has been made on both sides. A high-volume move is normal from here.

We've to keep an eye on a sustained breakout/breakdown, which will confirm the short-term direction of the market.

Stay tuned