Falling wedge pattern in 1D TF in BTC
BTCUSDT Perpetual Contract BYBIT:BTCUSDT
As per my understanding, BTC is making a falling wedge in 1D time frame and holding strong support in 29K area. Previously #BTC made all-time high after taking support of 29K and I believe the breakage of the falling wedge will lead to all-time high for the BTC once again.
An entry for long can be taken at 29K zone by keeping SL/liquidation below 25K and it will be a profitable entry I believe for the long term.
What are your thoughts? Please share.
