Hello,Traders! BITCOIN is trading in a rising bear wedge pattern Which means that after trading inside it for a while A bearish breakout and a falling wave are a likely scenario Thus, While I don’t encourage shorts on BTC while its in the uptrend One might consider taking profit in a Swing Long As the breakout up is technically unlikely Sell! Like, comment and subscribe to boost your trading!
No way. We're in a bull market, not a bear market. We're well above the 50% Fibonacci level, so it's not a rising wedge. It's an ascending triangle. An ascending triangle is a continuation pattern here. Expect a break out to 80k, not a break down to 40k. Anyone shorting here is insane or lying.
MMBTtrader
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have same idea
well done and thanks for sharing
muratti_1903
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you knew it! Congrats...
mohsenaminii
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😂😂😂😂😂
GunMoney
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Agree, but given we're above essentially ALL 1D MA levels it's quite the contrarian suggestion.
hushedDingo72628
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doesn't the rising wedge pattern require analysis of the volume, too?
Ky8
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Yep! It can Push down in may, then back up! It will be more shorter down and up than before.