Rising wedge, decreasing volume on a daily. BTC in trouble.
Updated
Well - I see rising wedges everywhere. On previous analysis I was neutral, despite large volume I still didn't believe in a trend reversal. Now, once seeing volume dropping I'm convinced - we're still going to slide lower this winter.
One of my followers asked me, where do I see BTC in 5 days? Based on dropping volume I see a break of a rising wedge to the downside.
Don't forget about Xmass day and lowered activity - no hope for a really to 6k levels :D
One of my followers asked me, where do I see BTC in 5 days? Based on dropping volume I see a break of a rising wedge to the downside.
Don't forget about Xmass day and lowered activity - no hope for a really to 6k levels :D
Trade active
Bearish divergence :Trade active
Bear flag :
Related publications
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.