A 9%+ up move at a higher side of rising wedge, since it's on the wrong side breakout, we should be cautious and wait for more reactions. Trading is mostly psychology and a patience game. Stick to your rules and let market commit with you first and then you commit to the market.
A Double Top pattern similar like a one in 2021 on a weekly timeframe. Traders/Investors should be cautious of their positions. Any new position either "buy/sell" should be according to proper risk management. Bitcoin can perform volatile in next few weeks.
After a major all-time high breakout, BANKNIFTY is consolidating in a range from 54,000-56,000. The concept of BULLISH breakout is that if a breakout happens, prices follows the trend and move upside strongly without giving chance to enter.
But after breakout, if prices get stuck in a range, this shows confusion of participants even after a breakout. Range...
