Previously, I've posted the falling, broadening wedge for BTC on the daily. Now we are seeing a smaller, falling wedge with decreasing volume forming inside of that. Could this be a signal that a breakout to the positive side is coming?
The falling wedge is a bullish pattern but ideally it is a reversal pattern that occurs as a small downturn in an overall bullish trend. BTC has been in a pretty lengthy downturn, so not sure if this is as strong a reversal pattern as usual.
The falling wedge is a bullish pattern but ideally it is a reversal pattern that occurs as a small downturn in an overall bullish trend. BTC has been in a pretty lengthy downturn, so not sure if this is as strong a reversal pattern as usual.
