BTC - Bearish Rising Wedge in a Downtrend
Bitcoin has been exhibiting an attempt to halt a recent decline and has now retraced the most recent breakdown which commenced on Aug 05.
It is hitting a zone where relatively high transactioning occurred at the start of July.
The Rising Wedge is traditionally a Bearish pattern but Bitcoin doesn't necessarily respect tradition.
Await confirmation of a break before entering and prepare for the possibility of fake breakouts.
It is hitting a zone where relatively high transactioning occurred at the start of July.
The Rising Wedge is traditionally a Bearish pattern but Bitcoin doesn't necessarily respect tradition.
Await confirmation of a break before entering and prepare for the possibility of fake breakouts.
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