BTCUSDT! Big Turning Point Ahead! BTCUSDT is within the Longterm Falling Wedge, an develop a descending triangle within the long term pattern. This descending Triangle will end OCTOBER 31, which is ironic! But, BTCUSDT has two ways to go! It has tested the $8340 - 8400 area 4 times and failed to break resistance. Now it is on the path to test support. BTCUSDT is currently on the $7979 area of support but it still has room to fall. The key areas i see as support will be from the $7829 - 7756 which was tested over 5 times. In addition if BTCUSDT corrects, a Bullish Divergence will form on the day stochastic as of now I'm neutral and I need more of a confirmation to confirm a short term trend within it' longterm falling wedge which is still bearish. BTCUSDT needs to break out of it's falling wedge.
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
