This is a rising wedge pattern ? (Bearish Reversal Signal)
Updated
This indicates slowing movement and it usually precedes a reversal to the downside, meaning Traders should be aware of the price will down.
My strategy.
I wait for a breakout of a rising wedge pattern. If breaking down I will sell for taking profit and short BTC but if breaking up meaning the rising wedge pattern fails we can follow buy again.
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There is also a bearish divergence signal from rsi.
***
It just my strategy, not advice
Please carefully before investing.
Good luck.
My strategy.
I wait for a breakout of a rising wedge pattern. If breaking down I will sell for taking profit and short BTC but if breaking up meaning the rising wedge pattern fails we can follow buy again.
***
There is also a bearish divergence signal from rsi.
***
It just my strategy, not advice
Please carefully before investing.
Good luck.
Order cancelled
BTC breakout change Resistance line to support line.
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