We've had 2 clear falling wedges (yellow) over the past 3 months.
We are potentially in the third falling wedge (yellow), with targets at the $4,100 area in mid-to-late March.
Notice how each falling wedge has a decreasing slope, indicating more and more that we are in a clear accumulation/consolidation phase, where the bears are mostly out of steam but the bulls are not that thrilled. This pattern may go on for months, potentially until the end of the bigger macro falling wedge (in white)... somewhere in August 2019.
We are potentially in the third falling wedge (yellow), with targets at the $4,100 area in mid-to-late March.
Notice how each falling wedge has a decreasing slope, indicating more and more that we are in a clear accumulation/consolidation phase, where the bears are mostly out of steam but the bulls are not that thrilled. This pattern may go on for months, potentially until the end of the bigger macro falling wedge (in white)... somewhere in August 2019.
注释
#BTC bull flag formation on the 4 hr chart. Target is $3970, which coincides almost exactly with the yellow down-trending falling wedge that I have been pointing out recently.
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。