BTC 1H - Wedge Formation.
BTC 1H chart showing a possible wedge formation. Could see also a small wedge formation inside a bigger one but for now, work with the small one until price dips below small wedge into bigger wedge. Keep in mind overall the big picture, we are still in a downward trend.
Proceed with caution for today and tomorrow, extreme volatility. Could go either way. Watch out for traps as I feel this wedge coming off a cup & handle pattern could be a massive trap for both bulls & bears. Better to watch first and see what the market makers do with it then jump on the train. I recommend to watch all of Monday, possible Tuesday, then engage by Wednesday.
Not Financial Advice.
Good luck and have a blessed week ahead!
Proceed with caution for today and tomorrow, extreme volatility. Could go either way. Watch out for traps as I feel this wedge coming off a cup & handle pattern could be a massive trap for both bulls & bears. Better to watch first and see what the market makers do with it then jump on the train. I recommend to watch all of Monday, possible Tuesday, then engage by Wednesday.
Not Financial Advice.
Good luck and have a blessed week ahead!
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