$BTC - Rising wedge, bearish rising wedge
There is a possible move about to happen with 
BTC soon and it could be a move we are all well too familiar with these days. Like previous rising wedge that brought us down to where we are at now, it was formed on a downard trend. Upward wedge's are not good usually good news as they are seen as bearish.
For this to be denied we need to see bitcoin rally up to 6,875 hold around this area and then another climb to 7,200. If it reaches 6,850 and fails to hold we could see bitcoin head towards 6,000 and lower.
This is not trading advice. This is something I use as an education purpose and for fun. Constructive criticism is always wlcome
BTC soon and it could be a move we are all well too familiar with these days. Like previous rising wedge that brought us down to where we are at now, it was formed on a downard trend. Upward wedge's are not good usually good news as they are seen as bearish.For this to be denied we need to see bitcoin rally up to 6,875 hold around this area and then another climb to 7,200. If it reaches 6,850 and fails to hold we could see bitcoin head towards 6,000 and lower.
This is not trading advice. This is something I use as an education purpose and for fun. Constructive criticism is always wlcome
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