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nagihatoum
Dec 2, 2021 2:46 PM

BTC in a descending widening wedge Long

Bitcoin / United States DollarCoinbase

Description

and testing mid range support again for the 6th time. If supports hold we can see a test of the widening wedge's resistance. If support fails, we can expect a test of the widening wedge's support. In any case, a descending widening wedge should break to the upside, unless market conditions are extremely bearish .

Indicators are around the 50% mark and very hard to guess direction from them.

My opinion is that it will go up from here.
Comments
trytofeelpositive
i tend more for a long,let's see
Ben_vouh
nice TA! pump it!

nagihatoum
@Ben_vouh, thanks for the chart.
Thorichov
In my opinion we will have more down move. No new tops this year.
nagihatoum
@Thorichov, you mean like this?
Thorichov
MMBTtrader
well done
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