curtmelonopoly

BITCOIN (BTC) Wedge chart pattern on daily time-frame chart $BTC

Long
BITMEX:XBTUSD.P   Bitcoin
BITCOIN (BTC) Wedge chart pattern on daily time-frame chart. $BTC $XBT $XBTUSD #Bitcoin #Chart

You can draw the lines specifically how you like, but the chart set-up remains the same - a wedge in charting (especially on a daily time frame structure or larger) is a significant trade set-up that should be highly considered in any trading bias or positioning.

My bias is to an upside break, yet to be seen. Bullish bias near term.

Specific feature post on deck for our traders in about an hour relating to this Bitcoin charting set-up.

Compound Trading Group | Founder

New World Ecosystems of Decentralized Finance

#DeFi #MachineTrading #Crypto
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.