🔥 Bitcoin In A Wedge

In the last two weeks Bitcoin is not very clear where it wants to go, bouncing between 44k-52k. However, what is clear is that Bitcoin has formed a wedge. This trade is based on the continuation of said wedge.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!