RSibayan

Bitcoin - Rising Wedge

COINBASE:BTCUSD   Bitcoin
Higher Probability of a break to the downside with this Rising Wedge pattern, but not all Rising Wedge patterns break to the downside.

DPT: $40K down to $37.1K (Fibonacci Retracement Levels)

Line to watch: YELLOW ASCENDING LINE

Fear and Greed Index: 73 = Greed

Volume very low, huge move incoming.

MACD: Approaching support trend line

RSI: still way above the 50% line

PRICE ACTION IS STILL KING!

Happy Monday!

More power to all your trades, my friends!

Always trade from a position of power.

Ron








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