BTC - Bitcoin possible wedge breakout formation (UPDATED)
Updated
Update from the previous idea. Looks like we touched the upper wedge line and have a further confirmation for this descending wedge.
(This is not financial advice, this is a volatile market where anything can happen)
(This is not financial advice, this is a volatile market where anything can happen)
Trade active
Dropped a good amount, now moving sideways might go up a little bit and then continue dropping.Trade active
The big drop is about to happen, touching the lower wedge lineTrade active
We had a small pump yesterday, which prevented the drop. But we touched the upper wedge line again and the market continues to be very indecisive at the moment.Comment
We are having a potential early breakout!Trade active
We fell out of the wedge earlier then expected because of some whale manipulation, maybe it is a bull trap and perhaps we will go down again to the lower wedge side arund $6200.Comment
And as I said it could be a big bull trap, and it is. Big dump just happened, we might fall back in the wedge.
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