Dangerous pattern forming here on Bitcoin right under the 8/1 Gann Fan would be very careful on longing here , I like rising wedges on Bitcoin they play out most of the time .
Have to wait for more confirmation before pulling the trigger on this short.
Have to wait for more confirmation before pulling the trigger on this short.
Note
Rising Wedge still in play waiting for confirmation .Note
If this rising wedge breakdown happens , there is going to be a huge move downNote
Still in this wedge .Note
SPX rolls over more in the open today , could see this wedge breakdown.Note
Note
breakdown starting Note
target 41kNote
Price testing bottom support of wedge and finding it as resistance now , invalidation would be a close above 44200 , if not target is still 41k.
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.
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.