BTC Falling Wedge waiting for a breakout
Hello fellas,
It might go down to 3000-4000 conditioned by a possible financial crisis and the capitulation of the miners before hitting new ATH ?
Take a look at this chart analysis, I see here:
- a confirmed long time falling wedge pattern waiting for breakout.
-similar crossover EMAs 50,100 with MA200 followed by a Downtrend twice( 10-20 Mar 2018 & 06-24OCT 20019).
-crossover EMAs 50,100 with MA 200 followed by a Uptrend(01-27APR 2019)
-major support 3000-3200
-second support 6000
-a possible influence of the price caused by rumors of a financial crisis and the capitulation of the miners
1. Is it a connection if we extend the downward trend line from ATH in continuation of Falling Wedge Pattern?
2. Is it a connection between Major Support Line (3000-3200) , days left until BTC Halving and Converging Trend Lines?
I am not a financial advisor, this is for educational purpose only.
This is my first post and I'm always open to constructive criticism.
Namaste.
It might go down to 3000-4000 conditioned by a possible financial crisis and the capitulation of the miners before hitting new ATH ?
Take a look at this chart analysis, I see here:
- a confirmed long time falling wedge pattern waiting for breakout.
-similar crossover EMAs 50,100 with MA200 followed by a Downtrend twice( 10-20 Mar 2018 & 06-24OCT 20019).
-crossover EMAs 50,100 with MA 200 followed by a Uptrend(01-27APR 2019)
-major support 3000-3200
-second support 6000
-a possible influence of the price caused by rumors of a financial crisis and the capitulation of the miners
1. Is it a connection if we extend the downward trend line from ATH in continuation of Falling Wedge Pattern?
2. Is it a connection between Major Support Line (3000-3200) , days left until BTC Halving and Converging Trend Lines?
I am not a financial advisor, this is for educational purpose only.
This is my first post and I'm always open to constructive criticism.
Namaste.
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