The rising wedge pattern is a bearish pattern, whether it forms after an established uptrend or during a downtrend.
What does mommentum look like? Check out the daily chart, we see a bullish cross (MACD crossing the signal line) which has just occured. We also have a 'zero line cross over' where the MACD line is crossing above the zero line, which is bullish if...
BTC broke out of the head and shoulders earlier today (28/5). Measured moved target would be 34k. We have a lot of support in this region mostly from January 2021. Lot of trading volume in this range (32-34k). So we wait for a bounce (if there is on), then buy back in on the retest on the 4H timeframe.
