BTC is in a rising wedge pattern....what that means
Typically rising wedge patterns are a bearish signal. This is very concerning for BTC immediate price action. Last time we saw this divergence and retesting of the 50 day Moving Average was in late September of 2020. We went on a downtrend but then recovered. This may be an opportunity to take some profits and wait for the next move down. We don't recommend anybody make any moves without doing your own research. This is for TA and informational purposes only. We provide these graphs and indicators for all traders to make their own decisions. HAPPY TRADING
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