CharmingWolf

BTC ASCENDING WEDGE, DESCENDING VOLUME

לונג
CharmingWolf מעודכן   
BITSTAMP:BTCUSD   ביטקוין
on the 4 hour chart, I am seeing an ascending wedge which appears to be accompanied by decreasing volume.

Also, the candlesticks have not surpassed the 50% Fibonacci zone, which leads me to believe that this is not a false pattern.

If the pattern is correct, then another dip can be expected, breaking the ascending wedge pattern. My guess is that BTC would find support around $29,000. I would love to hear your opinions. BTCUSD
הערה:
Upon further review, I also see that this may be considered an ascending triangle pattern depending on how the upper line is drawn.

Volume still has not been increasing from what I see, so it looks unlikely that there will be a strong breakout in the upward direction.
כתב ויתור

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.