Bitcoin (BTC): Bearish At The Bottom?
Updated
Seems like BTC is in a Falling Wedge pattern since December 2017.
Price touched the bottom of it in March 2021.
BTC bounced around for a bit forming a nice bottom reversal around November 2021.
Now price is headed for the top of the wedge.
Price touched the bottom of it in March 2021.
BTC bounced around for a bit forming a nice bottom reversal around November 2021.
Now price is headed for the top of the wedge.
Comment
People on TradingView have been posting the most complex charts with 1,000 trendlines over the last few weeks and all it takes is something as simple as this one! Don't overcomplicate TA and make sure you're controlling your psychology as I did with this inverted chart!
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.