BITCOIN : FALLING WEDGE PATTERN ( MEI 2022 )
The Falling Wedge Pattern is a chart pattern that signals a bullish momentum. This pattern is the opposite of the rising wedge pattern which has a bearish tone. The falling wedge can be formed as a trend reversal pattern (from falling to rising) and it can also be a trend continuation pattern (continuing up). By studying the Falling Wedge Pattern, you will be better prepared to be able to take advantage of buying opportunities if this pattern is formed in the market.
Bitcoin is currently forming a Falling Wedge Pattern, and is now at impulse 4, and has the potential to break through to impulse 5 if it is able to breakout at 32k-34k.
I suggest you don't go ALL in, it's better to keep accumulating gradually if suddenly there is a breakdown to 20k.
Thank you.
Bitcoin is currently forming a Falling Wedge Pattern, and is now at impulse 4, and has the potential to break through to impulse 5 if it is able to breakout at 32k-34k.
I suggest you don't go ALL in, it's better to keep accumulating gradually if suddenly there is a breakdown to 20k.
Thank you.
Related publications
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.