Ok bulls, the rally is over
Updated
Bitcoin has formed a rising wedge (yellow) on the four-hour chart, and it looks like a retest of its lower edge is currently underway.
But the attractions don't end there! If you look closely, you'll see that this yellow wedge is actually a re-test of an even larger wedge (green).
Just zoom in to see the bigger picture!
This is not financial advice.
But the attractions don't end there! If you look closely, you'll see that this yellow wedge is actually a re-test of an even larger wedge (green).
Just zoom in to see the bigger picture!
This is not financial advice.
Note
It appears that bitcoin still wants to test the upper edges of the wedges before the final decline:Note
Or at least the lower edge of the smaller (yellow) wedge.Note
I noticed another wedge:Note
But beware, it can also be an ascending triangle:
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