Bitcoin descending broadening wedge Bullish break out? 1D
With this being a Bitcoin halving year, I am still overall bullish, I will not flip flop easily on my overall bullish sentiment, like others every dip and pull back. I believe this could be a shake out still and profit taking time but we will see. We found support at 8600.00 BTC/USD area which was sitting upon the 200D EMA. I believe we need to hold this to continue feeling bullish, to confirm the upward bullish theory I have we need to break above 10030.00 BTC/USD area again and close candles. All indicators have cooled off and can support an upward bounce, but even if we bounce we will need to remember the top of the descending broadening wedge resistance line and reassess the chart once we get close to that area if we get there.
This is not intended as trading advice, it is just technical analysis that I don't see anyone talking about.
This is not intended as trading advice, it is just technical analysis that I don't see anyone talking about.
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