BTC 3D Chart - Bearish Prospective [UPDATE 01] - FW
* Possible Falling Wedge (FW) price fractal in play for BTC (both in price action and aligned with RSI). Set-up would require price to go lower from here but is a common setup for market reversals.
* FW moves would take us down to Daily OB (Order Block) support (Blue rectangles) and retest the 200W SMA.
* Any pump from current levels, watch for the 200D SMA for possible rejection.
One possible path BTC could take (not financial advice, charts developed for educational purposes only).
* FW moves would take us down to Daily OB (Order Block) support (Blue rectangles) and retest the 200W SMA.
* Any pump from current levels, watch for the 200D SMA for possible rejection.
One possible path BTC could take (not financial advice, charts developed for educational purposes only).
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