BTCUSD 1H. Rising wedge.
Price moved out the channel I drew yesterday and started to look more bullish but has since developed into what looks to me to be a bearish rising wedge pattern - almost an ascending triangle but once I drew wick to wick I felt the pattern was closer to the wedge than the ascending triangle. Now price is looking to test a solid area of support. If this yields we will continue the journey within yesterdays channel.
Long: I'm curious to know how often BTC rising wedges turn bullish and price pushes upwards. Perhaps some back testing needed.
I hold BTC. Rarely leverage trade and chart primarily in the hope I can get better bang for my buck when buying alts.
Long: I'm curious to know how often BTC rising wedges turn bullish and price pushes upwards. Perhaps some back testing needed.
I hold BTC. Rarely leverage trade and chart primarily in the hope I can get better bang for my buck when buying alts.
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