The BTC.D has managed to maintain its rising wedge, and looks to be breaking to the upside and retesting the rising wedge.
Bearish Divergence is evident, but how long can it keep up this momentum?
With the elections seeming to be coming to an end, there is a lot excitement from the crypto rules that trump has promised.
Ive noticed a trend where structures tend to fake out one way before going the traditionally predicted way - ie the rising wedge usually breaks to the downside.
With the change in politics to Trump means there is a lot of excitement because of the promises Trump made.
This should lead to an extended risk on period for BTC
But FOMC could throw a curve ball
Bearish Divergence is evident, but how long can it keep up this momentum?
With the elections seeming to be coming to an end, there is a lot excitement from the crypto rules that trump has promised.
Ive noticed a trend where structures tend to fake out one way before going the traditionally predicted way - ie the rising wedge usually breaks to the downside.
With the change in politics to Trump means there is a lot of excitement because of the promises Trump made.
This should lead to an extended risk on period for BTC
But FOMC could throw a curve ball
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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.