BTC/USD(4hr): Rising Wedge Awaiting Confirmation
Looks like we're beginning to confirm the breakout to the downside out of this rising wedge that BTC has been drawing on the charts the past couple of weeks.
If we get rejected by the support line of the rising wedge, it will be confirmed as new resistance and you can expect a retrace down to the 0.618-0.65 Fibonacci golden pocket.
Feel free to leave your thoughts down below :)
If we get rejected by the support line of the rising wedge, it will be confirmed as new resistance and you can expect a retrace down to the 0.618-0.65 Fibonacci golden pocket.
Feel free to leave your thoughts down below :)
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