Bitcoin With Huge Bullish Momentum



I make this analysis to be a quick market update for us. As we can see the price still holding up inside strong rising wedge.

Trade active: We should have the play in this pattern



Trade active: This pattern will be huge success on 5hours chart if close with this Bearish engulfing candle.



Trade active: Long order are been preset down let see how this will develop



Let me first congratulate us to a new Bullish week for BTC, but mind you this week may be a bit dicey as we may spend most of it in bearish with BTC likely to do a bit of retracement towards 8100-8400 zone before upside continuation.

This leads to a change of plan for our Buy zone from initial level around 8700-8600.

Now the plan is to wait for the price action at the earlier mention zone to see if it will hold but if it fail to hold that mean we will go to 8100-8400 level.



Trade active: Can this little rising wedge break down or will continue rising




Source: https://www.tradingview.com/chart/BTCUSDT/j6xdlQwZ-Bitcoin-With-Huge-Bullish-Momentum/