Short
Bitcoin: Rising Wedge, huge move down?
It seems like Bitcoin has formed a rising wedge. This looks bearish, as A/D is also struggling to increase, and it seems as if bears are stepping in and starting to sell Bitcoin.
Right now, you should just wait-and-see (-and-possibly-buy-low).
Right now, you should just wait-and-see (-and-possibly-buy-low).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.