Bitcoin | Falling Wedge + Bullish Divergence + Channel..!!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Faibik

#BTC (Update)

Bitcoin has been Consolidating into Ascending Channel since January 2022.

From last 4-weeks, Bitcoin is Moving inside the Falling Wedge .

RSI is Printing Bullish Divergence as Well.

For Bullish Momentum, Bitcoin Bulls need to reclaim the 40k S/R Level to Confirm the Upside Breakout.

In Bullish Case, If Bulls Reclaimed the 40k S/R Level then Bitcoin Might hit the 50k Psychological Level.

In Worst Case, If Channel Broken Downside, then We Could See Bearish WAVE towards the 28-30k Major Support Area .

Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!

Thanks for Your Love & Support..!!

You might be interested in …

Trading View March 16, 2022

Bearish sign for the Altcoins.

Bearish sign for the Altcoins. Altcoin Index Perpetual Futures FTX:ALTPERP kjrthi The chart explains it all! Not at all good for the alts. Descending triangle has almost squeezed and thus resulting a quick volatility! In […]

Trading View June 1, 2022

Bitcoin Analysis 6/1/22 (Diamond Top 1 HR Chart)

Bitcoin Analysis 6/1/22 (Diamond Top 1 HR Chart) BTCUSDT Perpetual Contract BYBIT:BTCUSDT NeutronMan Bitcoin is forming a Diamond Top pattern on the 1 HR Chart. The target of this pattern is around $30.5k.

Trading View May 31, 2022

Renko: The First target: 33500-34500$

Renko: The First target: 33500-34500$ Bitcoin / U.S. dollar BITSTAMP:BTCUSD MJShahsavar As I predicted before, Bitcoin has started an uptrend(check the ideas below): In the Ranko chart, Bitcoin respects the support area of the Ranko […]