Again, as we commence into a Wyckoff idea fueled rally, I keep seeing BTC getting caught in wedges. You could even call this a symmetrical triangle perhaps. Regardless, it looks like a bearish structure, and it could potentially lead to us testing 28k again.
I am just keeping this simple. We are heading back into the downtrend that we've been in since may, and we are caught in another wedge, so to me it looks like there is another threat of a recovery rally being spoiled here.
We shall see how this plays out.
Thank you!
I am just keeping this simple. We are heading back into the downtrend that we've been in since may, and we are caught in another wedge, so to me it looks like there is another threat of a recovery rally being spoiled here.
We shall see how this plays out.
Thank you!
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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.