Volatility across Cryptos likely high with upcoming Bitcoin options expiries on Friday 29.
On the Daily charts a Rising Wedge is forming which is traditionally bearish. If price declines on declining volume towards the lower boundary, watch for an increase in volume to signal a potential price drop through and below the pattern.
On the Daily charts a Rising Wedge is forming which is traditionally bearish. If price declines on declining volume towards the lower boundary, watch for an increase in volume to signal a potential price drop through and below the pattern.
Trade closed: target reached
Price stalling/consolidating at resistance around symbolic round number of $250. A possible bearish retracement to test support or a strong continuation once it gets to the upside of that round number.
Continue observing volume.
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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.