Updated

Btc bounce?

Where I previously thought we were forming a rising wedge on daily now it's looking more like an ascending triangle. A test of upper bollinger isn't out of question

Note

Note

As we can see the ascending triangle is playing out. Could get rejected at middle BB but could also retest upper BB and 50 EMA

Note

Looks like ascending triangle breakout being rejected at middle BB and if so will be forming a rising wedge again

Note

We saw an impulse up from an ascending triangle get rejected at our middle bolinger band forming a rising wedge . The wedge has sense broken south and forming a bear flag . If indeed a bear flag . We use pole length to determine trajectory which would fall right in line with a previous level of support around 3100

Note

Can we get another impulse up? If so we will look like Bukowski's ascending broadening wedge

solidgold

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.

solidgold