Bitcoin: rising wedge - BREAKOUT SOON!

In my last post on Bitcoin , I was constructive as long as price remained above $9000. We've since climbed, in a chaotic and choppy structure. This market action can sometimes suggest that air-pockets are forming and the market is awash with weak hands - a significant high may be close - perhaps in price, perhaps in time.

For now, we have a clear upwards wedge . In Bitcoin , upwards wedges rarely correct to the downside - could this time be different? There are always exceptions. We also note that should this wedge break to the downside, it would also imply a double top formation on larger timeframes - another formation that rarely corrects the downside in Bitcoin . Bitcoin hates double tops and breakdowns from upwards wedges .

The chart pattern in any other market would suggest that momentum is slowing. However, Bitcoin is both idiosyncratic and has overwhelmingly bullish fundamentals.

I'm flat, awaiting a long or short on the break of the upwards wedge .
yes, bitcoin is easy money, never goes down much, just grows and grows always going up like the magic beanstalk
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 发送反馈 已发表观点 粉丝 正在关注 私人消息 聊天 退出