Get started
UnknownUnicorn1643710

BTCUSD Wedge Formation: Possible Upside with Volume Confirmation

Bitcoin (BITSTAMP:BTCUSD)  
UnknownUnicorn1643710 Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Trend Lines
5
1
trendanalysis supportandresistance trendline
Bumpy road for BTC recently after 17K push.

Large sell-off now forming into macro and micro wedge formation.

Seller/Buyer indecision could push either way.

Look for Volume buildup on GDAX Level 2 to confirm a push!
Comment:
Looks like the push happened only to the downside! Take a look at the large buyer failure at 14848 with a large seller push to the downside. Volume confirms the move.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.