We closed our previous trade short: the bearish flag pattern was not running confirmed by correct volumes while the bear pressure is decreasing, despite the fud on bitcoin -2.67% .
The price is forming a FALLING WEDGE , a reversal pattern. This is confirmed by a decrease in volumes in recent days. The CCI marks a divergence that heralds a confirmation of the inversion. To be confirmed, we are waiting for the breakdown of the blue lines with large volumes during the purchase phase.
The target could be from 9800 to 10300 dollars, despite this, we are still in bearish macro trend.
The price is forming a FALLING WEDGE , a reversal pattern. This is confirmed by a decrease in volumes in recent days. The CCI marks a divergence that heralds a confirmation of the inversion. To be confirmed, we are waiting for the breakdown of the blue lines with large volumes during the purchase phase.
The target could be from 9800 to 10300 dollars, despite this, we are still in bearish macro trend.
Note
Trade active
Breakout of the short term triangle of continuation in 1H timeframe, keep long running. We expect a short correction with soft red volumes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.