Bitcoin looks like an ascending wedge now!
Bitcoin is fighting with $20.000. We are seeing an ascending wedge that is forming right now. Ascending wedges are seen as bearing continuation patterns so we may see a leg downwards soon. On the other side, if we manage to set in another higher top, we might break 20k. This could bring in some good buying volume which might cause a break higher.
Let's see how this plays out! What are your thoughts?
Let's see how this plays out! What are your thoughts?
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.