Moon wedge or Doom wedge?
Update to previous idea. I'm on the sidelines as to where this will go. Playing the price action as best I can.
Possibilities this chart mentions:
- Potential head and shoulders
- Possible we stay inside the wedge and go higher still inside it, falling out of it later, or maybe defying it and breaking up
- Possible we form another huge bull-flag as shown earlier in the chart, however to do this we have to fall out of the rising wedge and we might make the head and shoulders in the process..meaning we might go too low
There is a lot of news and hype around BTC and a lot of mainstream adoption/interest, so TA is only so useful in that situation. Lets see what happens!
Possibilities this chart mentions:
- Potential head and shoulders
- Possible we stay inside the wedge and go higher still inside it, falling out of it later, or maybe defying it and breaking up
- Possible we form another huge bull-flag as shown earlier in the chart, however to do this we have to fall out of the rising wedge and we might make the head and shoulders in the process..meaning we might go too low
There is a lot of news and hype around BTC and a lot of mainstream adoption/interest, so TA is only so useful in that situation. Lets see what happens!
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.