BTCUSD: The Rising Wedge failed, and price crashed.
This is when waiting for confirmations is supremely important. Those confirmations didn't show. I mentioned in my earlier analysis that there was a chance that this drop could happen due to the bearish nature of the Rising Wedge. But I didn't see it happening like this.
Now, at current levels, maybe we get the confirmations for buys. BE CAREFUL! Who knows if this drop is over!
A 15% drop. Sheesh.
I will continue to monitor this pair.
Now, at current levels, maybe we get the confirmations for buys. BE CAREFUL! Who knows if this drop is over!
A 15% drop. Sheesh.
I will continue to monitor this pair.
"Bitcoin price drops as Turkey Bans Crypto Payments amid Currency Crises"