Bullish expanding wedge BTC

28 ก.ย. 2021

On the 4 hourly chart, BTC is in a horizontal triangle (continuation pattern, likely to break down) and on the hourly it is in a bullish expanding wedge. A breakout from the wedge targets the top of the horizontal triangle at around 44.2k (a 5-6% long opportunity). We will know by tonight if it's going to break up to re-test the up edge of the triangle, or if it's ready to continue downwards. Currently testing the bottom support of the horizontal triangle.

The breakdown target from the triangle is roughly 37k.

Wait for confirmation.

NFA.