Hi guys,
I’m currently not taking any positions in the market and waiting patiently how this plays out.
You can look at it in different ways, it can be a rising wedge which is bearish, it can be a ascending triangle which can be a continuation pattern in a downtrend or it can be a reversal pattern to the upside.
Yesterday and today we have a inside bar, volume is dropping. Today or tomorrow I think we will see a huge explosion with a lot of volume and than you better are on the right side :-)
By the way, btc and most of all the altcoins have the same setup!
Therefor patient is key!
I’m currently not taking any positions in the market and waiting patiently how this plays out.
You can look at it in different ways, it can be a rising wedge which is bearish, it can be a ascending triangle which can be a continuation pattern in a downtrend or it can be a reversal pattern to the upside.
Yesterday and today we have a inside bar, volume is dropping. Today or tomorrow I think we will see a huge explosion with a lot of volume and than you better are on the right side :-)
By the way, btc and most of all the altcoins have the same setup!
Therefor patient is key!