ScalpPapi

RISING WEDGE SHORT, DESCENDING WEDGE LONG

PHEMEX:BTCUSD.PI   BTC Inverse Perpetual Futures Contract
This is burning on multiple time frames, Brewing. Look at the longer time frame and you can see the potential for Bitcoin recovery to the top resistance point of the potential descending wedge oh, the big triangle green. The little red triangle within the descending wedge is a rising wedge forming on the lower time frames oh, something to watch out for but would essentially equal a great entry point once it finally breaks down. There's also that inverse head-and-shoulders that could push the narrative hitting the top of the descending wedge on the bigger time frame!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.