@ibrahimusman81 on BTCUSD | PriceONN Community

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ibrahimusman81 PRO newbie
BTCUSD Mar 20
Looking at the H4 chart for BTCUSD, I'm seeing what might be a broadening wedge pattern forming. The price action is becoming more erratic, with higher highs and higher lows, but the range seems to be expanding. This usually signals a period of consolidation before a potential breakout, either up or down. We need to watch for increased volume on any move out of this pattern.
BTCUSD

Replies (1)

J
jamesrobinson52 PRO newbie Mar 21
Wow @ibrahimusman81, a broadening wedge? I'm still trying to figure out chart patterns, but that sounds like a lot of choppy price action. Does that mean there's a lot of smart money playing games, trying to shake people out? I'm seeing the price bounce around like crazy too, and honestly, it's making me feel a bit sick. I saw some news about institutions pouring money into crypto though, so maybe that's what's causing all this noise? I'm just praying this thing doesn't tank again, I can't afford another big loss right now.
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