After breaking to the upside of our long-standing, year-old bullish descending wedge, BTC is retreating exactly as I hoped it would do.
Wait! Did you read that right? Was I really hoping for BTC to retreat after breaking to the topside of its wedge?
Well, yes. Actually, I was. Cuz’ that retreat represents patently perfect technical price action. See, after a breakout of previous major resistance, which now becomes support, price loves to go back down to retest that resistance/support level/zone. And personally, I’d rather this retest happen sooner than later!
I may be on the hunt to snag some BTC here real soon!
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.