4H Descending Broadening Wedge

22 ก.พ. 2022

Most of the info is on the chart.
Descending Broadening Wedges tend to breakout upwards.
The Triple MACD divergence is also a bullish sign.
The signal I am waiting for is a close above the upper trendline of the wedge.
The target would be the first (highest) high in the pattern. (40960$)

22 ก.พ. 2022

บันทึก

I also wanted to say that SPX is impacting BTC, and today it opened in the red, so the breakout might not be for today, keep an eye on both charts.

23 ก.พ. 2022

บันทึก

Price broke above upper trend line, the pattern is validated. We are bullish :)