Update. BTC. Rising wedge broken. 5th wave should be on the way
Updated
**Update:
We had exact same wedge right before this one(yellow lines from 8600 to 9800 and down to 7800 ~March 11-13 ), and now it's painting a bearish a flag. 8500 area has a lot to tell. Watch it closely. GL
Although most of the traders were bullish, and keep posting bullish charts, BTC 0.50% painted a rising wedge (yellow lines) and we successfully broke it. Rising wedges tend to come back to the base, so I expecting wave 5 and double-bottom before the real launch
Sorry for the delay. As you can see, I posted this rising wedge before it's got broken on Twitter and forgot to post it here.
We had exact same wedge right before this one(yellow lines from 8600 to 9800 and down to 7800 ~March 11-13 ), and now it's painting a bearish a flag. 8500 area has a lot to tell. Watch it closely. GL
Although most of the traders were bullish, and keep posting bullish charts, BTC 0.50% painted a rising wedge (yellow lines) and we successfully broke it. Rising wedges tend to come back to the base, so I expecting wave 5 and double-bottom before the real launch
Sorry for the delay. As you can see, I posted this rising wedge before it's got broken on Twitter and forgot to post it here.
Trade closed: target reached
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.