TradingView
Cryptolover333
Feb 13, 2023 7:07 PM

Bitcoin is forming a new Falling Wedge! 

Bitcoin / United States DollarCoinbase

Description

Bitcoin seems to be forming a new Falling Wedge that could potentially be breaking out to the upside, at the same time Bitcoin is inside an ascending parallel channel that in case of a fake out we could potentially see an impulsive move after hitting the bottom of the channel, I think the daily bearish divergence in the RSI are playing out and this scenario is very likely to happen and I do not think Bitcoin could break bellow the channel, but anything is possible, so fingers crossed and good luck everyone!
More