January 24, 2026

4H timeframe: forming a falling wedge

4H timeframe: forming a falling wedge

4H timeframe: forming a falling wedge

4H timeframe: forming a falling wedge

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
MJShahsavar


4H timeframe: forming a falling wedge

Bitcoin broke the trend line support. But the question is: Is this a breakdown or a trap?
This breakdown cannot be confirmed at this time. On the other hand, it can be seen that Bitcoin has formed a falling wedge pattern. The TSI indicator also shows a positive divergence. Looks like this could be a trap and there is a possibility of a break-up of this wedge . In this case, you can expect a local top.
To confirm or reject this hypothesis, one must wait for the wedge pattern breakout

Previous Article

TRX Bullish

Next Article

buy time for avax in 65 usd

You might be interested in …

Is Shiba ready to climb?

Is Shiba ready to climb?

Is Shiba ready to climb? SHIB / TetherUS BINANCE:SHIBUSDT mehrhpm Personal idea: although total crypto market are not in good position and some altcoins suffers huge correction, about Shiba, in recent days, Shiba displayed nice […]

$ADAUSDT Trendbreakout Setup - INTRADAY

$ADAUSDT Trendbreakout Setup – INTRADAY

$ADAUSDT Trendbreakout Setup – INTRADAY CARDANO / TETHER BINGX:ADAUSDT Vanpey22 Big macd convergence good for hourly timeframe for trendbreakout play Needs to have volume and confirmation candle after breakout

AAVE - Take entry with these targets

AAVE – Take entry with these targets

AAVE – Take entry with these targets AAVEUSDT Perpetual Contract BYBIT:AAVEUSDT EthanTW BYBIT:AAVEUSDT 1H trend chart – AAVE is converging in a descending tunnel. It is going to break out the downtrend line right now, […]