Previously, I've posted the falling, broadening wedge for BTC on the daily. Now we are seeing a smaller, falling wedge with decreasing volume forming inside of that. Could this be a signal that a breakout to the positive side is coming?
The falling wedge is a bullish pattern but ideally it is a reversal pattern that occurs as a small downturn in an overall bullish trend. BTC has been in a pretty lengthy downturn, so not sure if this is as strong a reversal pattern as usual.
The falling wedge is a bullish pattern but ideally it is a reversal pattern that occurs as a small downturn in an overall bullish trend. BTC has been in a pretty lengthy downturn, so not sure if this is as strong a reversal pattern as usual.
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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.