BTC Weekly Rising wedge
Looking at the weekly indications we are in a Rising wedge which will eventually break to the downside imo. However the indicators are printing a possible relief rally within this rising wedge with the Trend Exhaustion touching the lower red zone. The Price vs Whale money flow shows that money is definitely flowing into a long position for now. The weekly candle still remains in the red showing shadows above and below which might indicate a possible trend reversal. The next candle will confirm where we are going in the short term.
Have great new year.
Have great new year.
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