Bitcoin is forming a ascending wedge on hourly timeframe within a descending wedge on daily timeframe.
We should expect a small correction (bearish) in short term and the price will resume it's impulsive bullish trend in weeks to come.
Recently broke down from an uptrend line, presenting a SHORT opportunity with at least 3:1 Rewards to Risk Ratio.
Bitcoin has formed a big and small ascending triangle on Daily Timeframe.
Currently on a short term downtrend.
Showing a couple of rejection candles on H1 timeframe.
May offer a very good Reward-to-Risk Ratio for a SHORT opportunity.