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Bitcoin Rising Wedge About To Reverse
So this one is pretty clean cut and doesn't need much explanation.
Wedges are reversal patterns and we look for the apex of the wedge to line up on resistance/support and as you see it lines up perfectly with structural resistance and volume-by-price resistance.
Thinking it'll go to about $9300 and reverse till about $8000-8200.
We also have some serious -divergence as shown here on the 4 hour, and pretty much on every major time frame except daily.
Trade smart, do your own research before entering a trade yourself, and HODL.
Wedges are reversal patterns and we look for the apex of the wedge to line up on resistance/support and as you see it lines up perfectly with structural resistance and volume-by-price resistance.
Thinking it'll go to about $9300 and reverse till about $8000-8200.
We also have some serious -divergence as shown here on the 4 hour, and pretty much on every major time frame except daily.
Trade smart, do your own research before entering a trade yourself, and HODL.
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