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BITCOIN PUMP INTO WEEKLY CLOSE

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168 views24likes6:23JamesCryptoGuruOriginal Release: 2026-07-19

In technical analysis, when a cryptocurrency like Bitcoin forms a descending wedge pattern followed by a price channel, traders can identify potential entry points by buying at the bottom of the channel and selling at the top, with a target price calculated by measuring the distance from the channel's top to the previous resistance level. This strategy involves monitoring indicators like RSI and Stochastic to confirm overbought or oversold conditions, and implementing risk management through stop-loss orders placed at the channel boundaries.