There is a wedge pattern on the hourly chart that could confirm a bullish directional break. After the channel breakout on the chart, the market has pulled back to retrace near 8,200. BTC/USD has clearly broken out on the upside from the channel formation. Now the price has consolidated into a wedge formation and a break higher could be on the cards. Price is under the main value area which is represented by the volume profile indicator on the right-hand side of the chart. The relative strength index indicator (RSI) has a trendline at the top and a break above could confirm a bullish move. On the downside, a break below the 8k support is the level to keep an eye on but a break of the wedge formation would be first. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Cryptocurrencies price prediction: Bitcoin, Litecoin & Ripple – American Wrap – 08 October FX Street 3 years There is a wedge pattern on the hourly chart that could confirm a bullish directional break. After the channel breakout on the chart, the market has pulled back to retrace near 8,200. BTC/USD has clearly broken out on the upside from the channel formation. Now the price has consolidated into a wedge formation and a break higher could be on the cards. Price is under the main value area which is represented by the volume profile indicator on the right-hand side of the chart. The relative strength index indicator (RSI) has a trendline at the top and a break… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
