🔥 Key Bitcoin Patterns to Watch in Q1 2023 for Indicator: BTCUSD by FieryTrading – Technische Analysis – 2023-01-01 21:32:15

over the past 1.5 years, bitcoin I formed one The falling peg pattern. This particular pattern will be the main one that I will be watching in the coming months. drop wedges classic rising Reversal pattern, so that’s what we’ll be looking at.

Sure, we could go lower to test the lower support again, but we will break through the upper resistance eventually, either by time or by price volatility .

Watch the area highlighted in yellow. Once we get a weekly close above the upper diagonal resistance, things will start to look much better. Patience is the key.

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