Hey there,
anything you need to know is displayed on the chart.
I am in a hurry so please forgive me.
Potential rising wedge forming in a ascending channel, altcoins seem to play out similar.
Bitcoin has to decide wether it wants to break the channel first with confirmation of the
rising wedge, or if it decides to negative the wedge and retest the upward channel line
with coinciding resistance at around 11k.
There is most likely a strong move into either direction ahead of us.
In principal this consolidation under 10k is bullish and should signal long entries,
but BTC and espcially ETH is too overextended currently.
Check out my latest YouTube video on: Enlightened Trading
for further information.
Also follow me on any social media if you do not want to miss trades like the last one on ETH,
of my latest post on Tradingview.
Cheers,
Konrad
anything you need to know is displayed on the chart.
I am in a hurry so please forgive me.
Potential rising wedge forming in a ascending channel, altcoins seem to play out similar.
Bitcoin has to decide wether it wants to break the channel first with confirmation of the
rising wedge, or if it decides to negative the wedge and retest the upward channel line
with coinciding resistance at around 11k.
There is most likely a strong move into either direction ahead of us.
In principal this consolidation under 10k is bullish and should signal long entries,
but BTC and espcially ETH is too overextended currently.
Check out my latest YouTube video on: Enlightened Trading
for further information.
Also follow me on any social media if you do not want to miss trades like the last one on ETH,
of my latest post on Tradingview.
Cheers,
Konrad
