BTC: FORMING BEARISH PATTERN IN LTF! STAY CAUTIOUS!!
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Welcome to this BTC update.
BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to $19k-$19.5k level.
Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated.
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Also, share your views in the comment section.
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Welcome to this BTC update.
BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to $19k-$19.5k level.
Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated.
if you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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