We can wig down the lowest pivot level but not holding it would turn the trend into bearish, at least for the short term.
This could also turn into a fake out if news turn out to be not what people are actually fearing.
Although I’m taking this as short, as I say this could well be a fake out.
For now I’ll stay vigilant to opportunities to add more to my long...
I’m not shorting this one but I thought it’d be great to have an idea of what’s the next potential target if we broke down the lower support of the raising wedge.
Bitcoin on uptrends tends to disrespect bearish patterns so I wouldn’t personally trade this short myself. Be very careful with fake outs!!!
Target for the upside as usual is the height of the...