#BTC need to clear the 18,500 resistance to Confirm the pattern!

2022年12月14日

Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!

I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.

#BTC UPDATE

BTC is forming this big falling wedge pattern

what is a falling wedge pattern?

The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.

*BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout

* RSI is also sowing some bullish divergences move

*If it conforms to this pattern then according to the pattern we will see a good bounce

Stay tuned I will keep updating

This chart is likely to help you make better trade decisions if it does consider upvoting it.

I would also love to know your charts and views in the comment section.

Thank you

2022年12月14日

註釋

FOMC Meeting in 2:40 hours

What do you guys think?
we will see a pump or dump

2022年12月14日

註釋

In this four-hour time frame

we can see a breakout of this ascending triangle pattern but we still need a confirm retest so after the FOMC meeting result if BTC drops then it will be a retest for this pattern.

But in case it break the lower support of this pattern, then the pattern will be invalidated

*There is a high probability that BTC will drop after the FOMC meeting

*RSI is also in the overbought range

Stay tuned

2022年12月15日

註釋

As expected BTC drops after the FOMC meeting
Currently it look like a retest of this ascending triangle pattern