BTC Rising Wedge (not and ascending triangle!)

3 באפר׳ 2020

Everyone is calling the current formation an ascending triangle but it is much more likely to be a rising wedge on the 4 hourly time frame. One can consider wicks to further support a trend line but candle body closes should always have more significance than wicks. Don't fall for the narrative that we are immediately going to break out of this consolidation range. You can also observe triple bearish divergence on the 4 hourly MACD.