Huge rejection on the 21 weekly, will it last?
Huge rejection on the 21 weekly, will it last?
If we are able to break that descending wedge definitely, which means we could still trend inside that wedge for days-weeks before trending to the upside again.
But we we break it finding support over the 21 weekly there is still nothing to worry about. Remember, the markets have a lot of space to inflate, for years, not months.
In the other hand, BTC is waiting on a market decision to act, and we can see the LONG/SHORT ratio getting bullish as week hands sells their crypto to whales.
If we are able to break that descending wedge definitely, which means we could still trend inside that wedge for days-weeks before trending to the upside again.
But we we break it finding support over the 21 weekly there is still nothing to worry about. Remember, the markets have a lot of space to inflate, for years, not months.
In the other hand, BTC is waiting on a market decision to act, and we can see the LONG/SHORT ratio getting bullish as week hands sells their crypto to whales.
Related publications
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.