Falling Wedge/Bullish Divergence/Possible Reversal Movement[BTC]

in my opinion , on the hour chart we can see the falling wedge , this is a bullish reversal pattern.
also , on the four hour chart we can see the bullish divergence.

and finally , there are several attempts to break the trendline , this means that the bulls are trying to take control.

تعليق:

look at the lower shadows of candles and a large volume
there is a buyer at this level

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looks like it was a false breakthrough , this is a bullish sign.
let's see what will happen next.

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we can see the largest volume in the last 18 days , this is a good sign for a true breakthrough

the closure of the four hour candle above the level of 7600 will be a confirmation of the reversal movement.

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on the day chart we can see the bullish absorption , this is a bullish reversal pattern.

تعليق:

i don't like the volume in this consolidation , be focused

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guys , who trades on Binance ? check the trade history , focus on the buy order of 0.0000014
I see this order for two weeks now , this is a large accumulation or the overestimation of the volume ?
just wait and you will see it

تعليق:

this is an important point , it will be another false breakthrough or just the correction ? 50/50
the closure of the four hour candle below the level of 7240 will be a bearish sign

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the possible resistance line

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looks bad , a correction is possible

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the closure of the four hour candle below the level of 7530 will be a bearish sign

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i don't like the day volume , be careful

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i expect another try to the breakthrough

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don't panic , don't sell , just wait
the market is being manipulated at the moment

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the closure of the four hour candle below the level of 7310 will be a bearish sign