ewaldohh

BTCUSD on Weekly chart. Wait or Buy Now?

Panjang
BINANCE:BTCUSDT   Bitcoin / TetherUS
As you can see on the chart. In my opinion, now BTCUSD is forming a Falling Wedge pattern, but there are still 2 possibilities. If Wedge Resistance is broken it might be a bullish sign, otherwise if Wedge Support is broken it might be a bearish sign. I am using 200 Moving Average too as an trend indicator, now the chart is still on the top of it. If there are any confirmation candle such as Bullish Engulfing Candle or a green Hammer candle on 200 MA, it can be a bullish indication too, but if all those supports are broken, then maybe it will go to Support Area at $20.000. So, should we wait or buy now? I think it is better we wait for another Bullish confirmation such as wait the falling wedge to broke, confirmation candle or others.

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