BitcoinUpdated BTC wedge signals a top
As you can see, BTC has been trading within a descending wedge during late-May. This pattern could continue to tighten for another week with another test of resistance levels at 9 - 9.5 K. If BTC struggles to get past 9.5K, the wedge pattern would break bear sending BTC back to the 7K region.
Note
Broke earlier than I predicted.
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.
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.