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vanimator
Dec 16, 2021 7:04 PM

Bitcoin Wedge Breakout Long

BitcoinOANDA

Description

Bitcoin gave a wedge breakout which likely ends the downside. This move was due to yesterday's FOMC policy announcement which restarted the rally in risk assets across the board.
Chart self explanatory.
Comments
relievedHawk1
Not sure how you managed to draw that wedge, but it seems like your chart is not reflecting the actual price action. It’s not showing the peak to 51k on late December 12th, so your wedge is invalidated basically
vanimator
@relievedHawk1, lets see, thanks for your view.
relievedHawk1
@vanimator, maybe look at Binance's or Bitstamp's BTCUSD chart I think it's more reliable! unfortunately we're falling off the current support level...
vanimator
@relievedHawk1, true, you are right, will check other exchange also
EVOQUE5000
@relievedHawk1, he is a noob, stop paying heed to his charts!! trade hit stop loss anyways, he rekt! :D
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