This is a rising wedge and BTC can bounce here or at 21500 as shown on the graph below
However id expect some challenges recovering if BTC falls out of the rising wedge as that would now form a head and shoulders reversal to the south side
Also ..whats up with the MACD which is forming a bearish divergence on the daily .
However id expect some challenges recovering if BTC falls out of the rising wedge as that would now form a head and shoulders reversal to the south side
Also ..whats up with the MACD which is forming a bearish divergence on the daily .
Note
two passible paths .1) the southside
2) the northside
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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.