Bitcoin has been seeing some strong declines over the past week. During this time, a classic falling wedge has been formed. Falling wedges are bullish patterns.
This is therefore a bullish potential trade on BTC .
There is also a divergence in RSI (RD+), which is another sign of an uptrend
On the chart I’ve marked two potential areas of resistance, r1 & r2.
Do your own due diligence.
This is therefore a bullish potential trade on BTC .
There is also a divergence in RSI (RD+), which is another sign of an uptrend
On the chart I’ve marked two potential areas of resistance, r1 & r2.
Do your own due diligence.
Note
Confirmed
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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.
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.