BitcoinPanjang
BTCUSD - Approaching Falling wedge break out
BTCUSD recorded 17% Gain today after price bounced from falling wedge support formed on Daily and 3D Chart.
Falling wedge resistance is at 8700-8800$ Level, Bitcoin needs to break above 8800$ and build support above this level for a bullish trend change.
As long price stays below 8800$, there could be a possibility of another leg down to 6800-7200$ before major bullish trend change.
Overall, I am expecting a major rally to 18,000$ in the next few months before halving.
Plan of action:
- Either I will start building LONG Position around 7000-8000$ price level or I will start building LONG Position after price breakout above 8800$- Whatever comes first.
Check my long term price outlook view here:
Falling wedge resistance is at 8700-8800$ Level, Bitcoin needs to break above 8800$ and build support above this level for a bullish trend change.
As long price stays below 8800$, there could be a possibility of another leg down to 6800-7200$ before major bullish trend change.
Overall, I am expecting a major rally to 18,000$ in the next few months before halving.
Plan of action:
- Either I will start building LONG Position around 7000-8000$ price level or I will start building LONG Position after price breakout above 8800$- Whatever comes first.
Check my long term price outlook view here:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.