BTCUSD Perpetual Contract
Panjang

Just an Idea... falling wedge pattern?

106
Based of my analysis on the 4h timeframe, it seems that the BTC is currently forming a falling wedge pattern (which more likely to breakout to the upside). And if it does a breakout, it should have a technical price target of 48k but, as always we need to see a surge in volume and a close above the upper wedge line in the 4h timeframe. And if we see the MACD and RSI on the same timeframe, it looks like the RSI is on a up trend while the MACD just had a bullish cross to the upside. But in the end, this just my opinion and not financial advise, and as always happy trading guys!!

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