This will be a very interesting week for BTC . Since the all-time high, it has been moving in this falling wedge and it cannot seem to break the trend line .
Now a falling wedge is generally a bullish sign, and I've noticed that with bitcoin , it seems to always have a textbook breakout on the side you expect to out of these flags / wedges . Perhaps because there are a lot of beginners trading bitcoin :p
If we break the trendline in the next 40 hours we could take off, if not, there will first be another leg down and we might see lower lows. I'll be watching
BTC
non-stop the coming days, and enter as soon as it is clear what happens at the resistance.
Good luck :)
Now a falling wedge is generally a bullish sign, and I've noticed that with bitcoin , it seems to always have a textbook breakout on the side you expect to out of these flags / wedges . Perhaps because there are a lot of beginners trading bitcoin :p
If we break the trendline in the next 40 hours we could take off, if not, there will first be another leg down and we might see lower lows. I'll be watching
BTC
non-stop the coming days, and enter as soon as it is clear what happens at the resistance. Good luck :)