Falling wedge pattern in 1D TF in BTC

BTCUSDT Perpetual Contract BYBIT:BTCUSDT

Hassanaskarisyed

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.

You might be interested in …

Trading View May 4, 2022

CELRUSD (4H) Bullish reversal

CELRUSD (4H) Bullish reversal Celer Network / TetherUS BINANCE:CELRUSDT Avramis Hi Traders CELRUSD (4H Timeframe) Waiting for the upward break of 0.037 resistance level , which will complete a bullish trend reversal pattern to go […]

Trading View May 15, 2022

Bitcoin crossroad

Bitcoin crossroad Bitcoin / U.S. Dollar GEMINI:BTCUSD sophysto Are you team Yellow or team blue? Comment bellow! No financial advise.

Trading View February 28, 2022

BTC bullish idea

BTC bullish idea Bitcoin / U.S. dollar BITSTAMP:BTCUSD crypto-tradesman Guys, current war situation is very unfortunate. Wondering how this will affect the markets down the lane. But, from the Technical analysis perspective BTC is looking […]