bitcoin not breaking out
The big pink trend line is a mid line of the very long term structure of broadening ascending wedge. The current chart pattern shown in yellow is that same pattern on a smaller scale. Leans bearish. Also volume declining as well as RSI momentum. I think the bitcoin rally is worn out. Watch out for a false breakout to the upside.
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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.