btc possible triple rising wedge-ception. big move in 4 days.
bitcoins rising wedges have been forming for quite some time now. itll be interesting to see how these patterns play out. the numbers on the chart correspond to the labels
1: large rising broadening wedge or bull cylinder depending on which way it breaks. this is by far the most important pattern.
2: rising wedge since november 27 ends on december 2 at the latest
3. low timeframe rising wedge ends on december 7 at the latest
i still am short term bearish , still net long. the real impulse move will be after the second wedge breaks one way or the other imo.
1: large rising broadening wedge or bull cylinder depending on which way it breaks. this is by far the most important pattern.
2: rising wedge since november 27 ends on december 2 at the latest
3. low timeframe rising wedge ends on december 7 at the latest
i still am short term bearish , still net long. the real impulse move will be after the second wedge breaks one way or the other imo.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.