BTCUSD - Rising Wedge & Possible Scenarios Including Bull Trap
BTCUSD is forming a rising wedge - a bearish pattern - on this 1D time frame.
While these patterns aren't gospel and are often invalidated, the sentiment around BTCUSD doesn't support a bull run right now given fork concerns.
In this chart, I outline the possible scenarios (a few of many) that may play out as this pattern completes.
While these patterns aren't gospel and are often invalidated, the sentiment around BTCUSD doesn't support a bull run right now given fork concerns.
In this chart, I outline the possible scenarios (a few of many) that may play out as this pattern completes.
Apologies.