FALLING WEDGE. Price is moving down, but the bearish momentum is decreasing. This may be a sign that price rise is going to come
Comment:
This morning i was browsing for a few minutes and it appears that many of the Alt coins are on a downtrend. I look, and low and behold, Bitcoin has broken through! (see above Falling Wedge). In the big picture, this breakout is great news! I now believe we're on our way up! Because...as i mentioned... we were at a pivotal decision point. The falling wedge predicts up. However, the longer it lingers, the greater the chances of it eventually breaking through the bottom support and dropping. I did not want to see Bitcoin drop into a downtrend. Every time I trade, it's not paired against USD, but BTC. I always try to accumulate more BTC.
However, when BTC rises, usually, the Alt's drop, as we're seeing right now. This will make it a bit harder for Alts ...i guess we'll see which alts are really strong atm. Good luck trading, i wish you all the best!
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However, when BTC rises, usually, the Alt's drop, as we're seeing right now. This will make it a bit harder for Alts ...i guess we'll see which alts are really strong atm. Good luck trading, i wish you all the best!