double bottom after Rising wedge

17 באוק׳ 2023

Spotted a Rising Wedge followed by a Double Bottom pattern on btc. The Rising Wedge often hints at bearish sentiment, but a subsequent Double Bottom may signal a bullish reversal. Confirmation is key: for the Double Bottom, it's the price break above the resistance (neckline) at the interim high (done here). Problem: Increased breakout volume pretty weak.