4H Descending Broadening Wedge

22 февр. 2022 г.

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 февр. 2022 г.

Заметка

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 февр. 2022 г.

Заметка

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