Bitcoin /USD rate (2021-2022)
Another way of looking at this chart, there could be an unexpected alternation but I believe this market is still bearish overall.
My scribbles are somewhat part of what I think is possible of an alternation but its just an estimate based on how current patterns look.
What I've seen in rising wedges before is somewhat like where it looks like it will break out downwards, hard, but then it slips under and just barely recovers to the lower trend line or the end of the wedge and then really falls out. Would be interesting to see that again here, but definitely not guaranteed.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
My scribbles are somewhat part of what I think is possible of an alternation but its just an estimate based on how current patterns look.
What I've seen in rising wedges before is somewhat like where it looks like it will break out downwards, hard, but then it slips under and just barely recovers to the lower trend line or the end of the wedge and then really falls out. Would be interesting to see that again here, but definitely not guaranteed.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
