Oxymoron(@Square-Creator-7a5b23ff88a8) инсайттары

$BTC Alert!! Yesterday, I talked about the falling wedge

Oxymoron · 2024-10-04T16:00:03.000Z

$BTC Alert!! Yesterday, I talked about the falling wedge pattern. I said, “ On the 30-minute chart, we notice a falling wedge pattern forming. When this pattern breaks upward, it signals a bullish move.” Now that the market has broken this pattern and gone higher, let's talk about the next possibility. 1. We know when the falling wedge pattern is formed and the market breaks this pattern and goes up, it signals a bullish move. 2. But the market can be unpredictable, so we need double confirmation. 3. As I show in the picture, if the market crosses the $61,980 - $62,380 price point, then the market will confirm the bullish move. This can lead to $66,820. 4. But, If the market rejects this resistance and cannot break through, we could see further consolidation or a down move, which could lead to the $57,844 price point. 5. Here’s a succinct summary: * Bitcoin broke out of a falling wedge pattern—a bullish sign. * Watch for confirmation if it crosses the $61,980 - $62,380 resistance. * If the market rejects this resistance, Potential downside or consolidation, with $57,844 as a key level Special Tips: Protect Capital: Focus on major swings. Research & Stay Calm: Do your own research. Stay Updated: Follow market movements. Disclaimer: This is Not a financial advice; confirm trends before trading.

Oxymoron

Market analysis can change, even by 7:00 PM. My initial take stands, but crypto markets keep us on our toes. Let's see how the evening unfolds!

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