BitcoinPanjang
Bitcoin, finding new bottom.
Classical charting method;
Falling wedge, a reversal formation highly visible on all time frames. Price has broken above the wedge on all exchanges.
RSI is finding support in the 37 range, and currently pointed upwards on the 1 Day chart.
Last falling wedge resulted in a 50% increase of 26 days. And it took the market 5 days to show momentum after the price broke above the wedge.
There could be one more re-test of the wedge, resulting in a massive bear trap for incoming volatility.
Long safely my friends.
Falling wedge, a reversal formation highly visible on all time frames. Price has broken above the wedge on all exchanges.
RSI is finding support in the 37 range, and currently pointed upwards on the 1 Day chart.
Last falling wedge resulted in a 50% increase of 26 days. And it took the market 5 days to show momentum after the price broke above the wedge.
There could be one more re-test of the wedge, resulting in a massive bear trap for incoming volatility.
Long safely my friends.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.