Hello my dear friends
Looking closer at Bitcoin, the four-hour timeframe
We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher areas.
But if the range of $22,213 is consumed, our wedge pattern is valid and we can expect the formation of a downward trend similar to the drawn scenario.
We would be happy to hear your opinion.
Looking closer at Bitcoin, the four-hour timeframe
We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher areas.
But if the range of $22,213 is consumed, our wedge pattern is valid and we can expect the formation of a downward trend similar to the drawn scenario.
We would be happy to hear your opinion.
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