Rising wedge formation in Bitcoin
A few day back we said that Bitcoin is forming a rising wedge indicating a loss of steam in the current upside leg.
We identified five retracement levels we expect Bitcoin to go through before it resumes its upside move.
Today Bitcoin went through the fourth level, and we expect the fifth to get hit.
We identified five retracement levels we expect Bitcoin to go through before it resumes its upside move.
Today Bitcoin went through the fourth level, and we expect the fifth to get hit.
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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.