Falling Wedge and Heikin Ashi Candles
Updated
BTC following the trend lines so far. The lower trend line has enough of a slant for a falling wedge pattern.
Waiting to see how the next daily candles turn out to get a direction. We should see an upturn,
although a descent and bounce off the lower trend line is not out of the question.
We should see a retest at the 6800's, and with enough momentum, break through this. However,
this will present an opportunity for the bears to attempt to test the lower trend line. As long
as the bulls gain traction, enough of a momentum may propel BTC past the upper trendline.
We shall see..bulls..bears..and market movers/whales alike.
The Heikin ashi makes for easier visualization.
..just food for thought and discussion, and my humble opinion.
Waiting to see how the next daily candles turn out to get a direction. We should see an upturn,
although a descent and bounce off the lower trend line is not out of the question.
We should see a retest at the 6800's, and with enough momentum, break through this. However,
this will present an opportunity for the bears to attempt to test the lower trend line. As long
as the bulls gain traction, enough of a momentum may propel BTC past the upper trendline.
We shall see..bulls..bears..and market movers/whales alike.
The Heikin ashi makes for easier visualization.
..just food for thought and discussion, and my humble opinion.
Note
Also, the MACD is very telling, as well. I pasted an enlarged MACD from the same chart.
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