BTC has formed a rising wedge over the course of the last several weeks. Classically, this pattern is a bearish continuation pattern, so that's where we'll be looking at today.
In my view, BTC will either fall through the support soon, or BTC will reverse back towards the top resistance of the pattern. Be patient for the break out and wait for a candle close below the support. Bearish targets in blue.
In my view, BTC will either fall through the support soon, or BTC will reverse back towards the top resistance of the pattern. Be patient for the break out and wait for a candle close below the support. Bearish targets in blue.
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✅Monster Signals: t.me/monster_cryptosignals
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Related publications
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.