Bitcoin in Higher Timeframe, formed a Fallin Wedge
WHAT IS A FALLING WEDGE PATTERN?
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
Waiting for confirmation on Breakout above $22K Before looking to make a long position!
Patience is the Key!
WHAT IS A FALLING WEDGE PATTERN?
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
Waiting for confirmation on Breakout above $22K Before looking to make a long position!
Patience is the Key!