On the weekly timeframe, BTC is forming a massive falling wedge; within that falling wedge (bullish) have been multiple different patterns. Currently, a rising wedge (bearish) is developing and the highlighted part in green shows a vital area of confluence where BTC is projected to touch the top of the trendline and continue forming its falling wedge. But remember if you're looking too short for a swing this would be a great play once BTC touches the trendline for proper resistance. Enjoy!
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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.