Wenlambo

Not convinced the bottom is in

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
My Title says it all! I’m 99% not convinced the bottom is in and this is a fake breakout. I am personally expecting a V-shape bottom which I haven’t seen. Clearly we see BTC has broke out of the long-term falling wedge but with no power. It’s producing a rising wedge on the daily chart with 3 possible targets to actually call the bottom. Also, FeDS raising rates, war, economy, etc. i don’t consider this the bottom at all.

No financial advice :)
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.