SmokeyCharts

Bitcoin Big Decision Time - Rising Wedge and Bearish Divergence

COINBASE:BTCUSD   Bitcoin
As you can see Bitcoin is forming another rising wedge pattern. Two fractals show the two paths that I believe are possible. RSI has the same bearish divergence as the last breakdown of the rising wedge.

I believe there will be on more pump to the top fractal possibly achieving and $80k bitcoin then a large pullback.

Overall the volume looks weak and the RSI divergence is a signal that another crash is coming.

What are you thoughts?

Penafian

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