$BTC HTF - Rising Wedge Bearish Pattern But Doesn't Matter?
BTCUSDLooking at BTC on the 1D time frame we can see we have a rising wedge approaching resistance at the $8000 level.
A few things to observe as we approach the $8000 level
- Round psychological level
- Has also been resistance and support in the past
- We can also see on VPVR 8K range has one of the highest nodes in the value area
- Plus we have the 100 & 200 day moving average converging to play as resistance
Chance of rejection from this level is more likely that not.
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