Head and Shoulders played out , What followed was a retest on of the level of the last peak of the descending wedge we broke out from yesterday ,
While doing that price did consolidate inside a descending broadening wedge which is bullish, Broke out to the upside , retested back on the top side of it and now we are set for another run to the upside,classic text book wedge analysis is manifesting nicely on the price action of bitcoin the last couple of days.
Being on a weekend though where volume tends to drop ,liquidation hunts from platforms are in full action , so one has to pay extra attention while swing trading - especially with stop limit orders -
While doing that price did consolidate inside a descending broadening wedge which is bullish, Broke out to the upside , retested back on the top side of it and now we are set for another run to the upside,classic text book wedge analysis is manifesting nicely on the price action of bitcoin the last couple of days.
Being on a weekend though where volume tends to drop ,liquidation hunts from platforms are in full action , so one has to pay extra attention while swing trading - especially with stop limit orders -