Hello All!
Here we can see the bullish scenario for the Bitcoin price. Looking at past history we can see the falling wedge is a powerful formation for the Bitcoin price which can lead to a huge rise in the price. We can also see a small bullish divergence that has acted before as a start in a bullish run at the bottom of the falling wedge. For Traders, it is best to wait for a break in our resistance zone before initiating long positions. As for investors now would not be a good time to sell as we have not broker structure yet.
To view the bearish scenario and how to trade it view our previous post. Also, view our post on how to catch the top and bottom of the Bitcoin price to help you master swing trading the bitcoin price action.
Here we can see the bullish scenario for the Bitcoin price. Looking at past history we can see the falling wedge is a powerful formation for the Bitcoin price which can lead to a huge rise in the price. We can also see a small bullish divergence that has acted before as a start in a bullish run at the bottom of the falling wedge. For Traders, it is best to wait for a break in our resistance zone before initiating long positions. As for investors now would not be a good time to sell as we have not broker structure yet.
To view the bearish scenario and how to trade it view our previous post. Also, view our post on how to catch the top and bottom of the Bitcoin price to help you master swing trading the bitcoin price action.