Since BTC is heading back down to ultimate low at 3120 area, there is possibility of building a double bottom. The falling wedge supports the expectation
of an upcoming uptrend since it is generally a bullish signal. for the double bottom to be confirmed BTC needs to break the resistance area at 4200-4250.
If this happens, double bottom is confirmed an we should see a significant trend reversal. Falling wedge can be broken downwards by wicks, which will
hopefully hit my buying zone, laddered from 3180-3240.
of an upcoming uptrend since it is generally a bullish signal. for the double bottom to be confirmed BTC needs to break the resistance area at 4200-4250.
If this happens, double bottom is confirmed an we should see a significant trend reversal. Falling wedge can be broken downwards by wicks, which will
hopefully hit my buying zone, laddered from 3180-3240.