Bitcoin | Rising Wedge Formation..!!

Bitcoin / United States DollarCoinbase

Description

⋅ Sep 7, 2021 3:56 AM

BTC (Update)

In 8h timeframe Chart, Bitcoin is Forming Rising Wedge Pattern..

Volume has been decreasing the past few days while the price has been increasing which is typically Bearish.

So far Bitcoin is Moving inside the Wedge, Expecting Another Higher High towards the 55k 📈

If Wedge Broken Downside, Bitcoin Might Retest the 44k Support Area ✍️

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Comments

theshawon

⋅ Sep 7, 2021 3:58 AM

Don't worry, the volume is coming this week. Also I'd look at it in a higher timeframe, that's not a rising wedge, that's vertical accumulation.

whitetigerfx

⋅ Sep 10, 2021 5:41 AM

@theshawon, he was correct

sadeghi.amin

⋅ Sep 7, 2021 10:10 PM

Wow

phillipliang68

⋅ Sep 7, 2021 6:00 PM

this is an amazing analysis

Mudrex

⋅ Sep 7, 2021 6:28 AM

do you have a support line for this case?