Bitcoin BTCUSD - Falling wedge +Bull flag+ Symmetrical triangle
- Bitcoin is currently consolidating (symmetrical triangle)
- Consolidation is generally interpreted as market indecisiveness, which ends when the asset's price moves above or below the trading pattern.
- We can clearly see a falling wedge or a bull flag continuation pattern
- What i can personally recommend is to wait for breakout above the upward sloping trendline!
- I would not short bitcoin, so better enter a hedge position in case of uncertainty.
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- Consolidation is generally interpreted as market indecisiveness, which ends when the asset's price moves above or below the trading pattern.
- We can clearly see a falling wedge or a bull flag continuation pattern
- What i can personally recommend is to wait for breakout above the upward sloping trendline!
- I would not short bitcoin, so better enter a hedge position in case of uncertainty.
If you want more of these ideas, hit the like button and follow me, so you don't miss any update!
Also, check my signature down below ↓
