Don't worry
This is from 2018. There was a similar situation as today. There was a bear flag formed along with the falling wedge. The catch was the falling volume. Eventually there was a bull trap to the upside and eventually lead to price crash of bitcoin from 11k to 6k. MACD was also at similar levels as of today.
This is from 2018. There was a similar situation as today. There was a bear flag formed along with the falling wedge. The catch was the falling volume. Eventually there was a bull trap to the upside and eventually lead to price crash of bitcoin from 11k to 6k. MACD was also at similar levels as of today.
Note
This is 2021. See the volume as well
Note
This also 2021
Note
This is the falling wedge of today. Look at the volume. It is falling. Look at the MACD. This looks more like a trap. I would be extremely cautious here. Red flags everywhere.
Related publications
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.
Related publications
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.