Breakout or fakeout from desceding wedge formed over serveral days including a combination with a possible cup and handle pattern.
Lack of volume indicates it was a fake out from the established trend.
Where will Bitcoin go next?
A bounce to the downside of the wedge will break previous strong support from recent weekly lows.
A break to the upside will need considerably more volume over the weekend.
Worth tracking whilst we float outside the descending wedge
Lack of volume indicates it was a fake out from the established trend.
Where will Bitcoin go next?
A bounce to the downside of the wedge will break previous strong support from recent weekly lows.
A break to the upside will need considerably more volume over the weekend.
Worth tracking whilst we float outside the descending wedge
Comment:
Obviously I need a little more patients!