Hi friends,
From the daily chart we can see that Bitcoin is currently in a rising wedge pattern.
Bitcoin is in a uptrend so there is a chance the bearish pattern wont playout or it might underperform.
Leave a like if you like this idea, much appreciated :)
This is no financial advice, do your own research before doing any kind of trading activity !
Have a nice day :)
From the daily chart we can see that Bitcoin is currently in a rising wedge pattern.
Bitcoin is in a uptrend so there is a chance the bearish pattern wont playout or it might underperform.
Leave a like if you like this idea, much appreciated :)
This is no financial advice, do your own research before doing any kind of trading activity !
Have a nice day :)
Comment:
We can see that bitcoin did a small fakeout to the upside of the rising wedge, but now we are back in it and we can see that the positive momentum on the macd is getting weaker and weaker.