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Bitcoin
Short

BTC RAISING WEDGE FORMING AND SHOULD PEAK BTW 7655 AND 7785

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Btc appears to be forming a raising wedge and should peak around 7750 to 7800 before we see a retracement/correction. The MACD is showing that momentum is dropping. The wave pattern for wave 3 is shorter than wave 5 thus wave 5 cannot be longer than wave 3 (7655)
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Technical IndicatorsTrend Analysis
bitcoinroyalty
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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.