Rising wedge, decreasing volume on a daily. BTC in trouble.
Well - I see rising wedges everywhere. On previous analysis I was neutral, despite large volume I still didn't believe in a trend reversal. Now, once seeing volume dropping I'm convinced - we're still going to slide lower this winter.
One of my followers asked me, where do I see BTC in 5 days? Based on dropping volume I see a break of a rising wedge to the downside.
Don't forget about Xmass day and lowered activity - no hope for a really to 6k levels :D
One of my followers asked me, where do I see BTC in 5 days? Based on dropping volume I see a break of a rising wedge to the downside.
Don't forget about Xmass day and lowered activity - no hope for a really to 6k levels :D
Trade active:
Bearish divergence :
Trade active:
Bear flag :
