$BTC/USD Bullish Descending Wedge. Pain Before The Gain?

Bitcoin (COINBASE:BTCUSD)

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COINBASE:BTCUSD Bitcoin

trendanalysis chartpattern indicator btcusd btc trend

If it keeps to the trend, it will drop further down the wedge over the next 7 days, potentially breaching, $6000. Watching for a unified historical Bollinger Band break (highlighted in blue rectangles) and RSI oversold signal for a potential BO event in the coming months. GLTA

Commentaire:

However, if no BO event happens, she will continue to slide towards $2800.

Commentaire:

BB slip occurred prior to movement, a good indicator of an upward swing that was missed. Might add MMAR to the mix to have a better view of reversal patterns. Now has to stay out of the purple wedge to confirm a BO event or she will follow bear trend.

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