lx-mmd

Are we froming a Falling Wedge?

Short
COINBASE:BTCUSD   Bitcoin
This 1h chart shows the recent BTCUSD price actions.
It seems like it's forming a Falling Wegde, which is considered as a reversal pattern.

for the short term, we are still heading to 3k. If this Falling Wedge will be confirmed, we could have a mid-term reversal soon.

Requirements for a reversal:
- high volume
- significant increasing price
- break out of the Falling Wedge

Bearish or Bullish?
- short term still bearish
- mid-long term bullish (depends on future price actions)

Regards
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.