Rising wedge for long-term bitcoin chart, confirmed with:
-> Rising wedge
-> Volume descending while wedge progress
-> Supported by descending MACD and RSI
This pattern can take bitcoin to values rounding 80k, before breaking the wedge.
Rising wedges are bearish patterns, so probably it's a short indicator for bitcoin.
What do you guys think about this prediction? Any correction?
-> Rising wedge
-> Volume descending while wedge progress
-> Supported by descending MACD and RSI
This pattern can take bitcoin to values rounding 80k, before breaking the wedge.
Rising wedges are bearish patterns, so probably it's a short indicator for bitcoin.
What do you guys think about this prediction? Any correction?
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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.