BITCOIN RISING WIDE WEDGE GOOD FOR SHORT TERM - CryptoManiac101
BTCUSD
Although BTC has been strong signs of recovery, this rising widening wedge is not a bullish sign since we are over 50% bearish in terms of short term movement. This pattern usually breaks downward just like upward trend channel but is very good for short term profit potential. With that said keep in mind that 40% this is bullish which means we can break upwards, since this is Bitcoin, not stock market guys.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Although BTC has been strong signs of recovery, this rising widening wedge is not a bullish sign since we are over 50% bearish in terms of short term movement. This pattern usually breaks downward just like upward trend channel but is very good for short term profit potential. With that said keep in mind that 40% this is bullish which means we can break upwards, since this is Bitcoin, not stock market guys.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
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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.