Bitcoin which wedge is right? [BTFD]

8400 next resistance to get over for the bulls

so which will it be?

wedge or triangle

yellow areas are demand and supply zones

Giao dịch đang hoạt động:

the battle is on again....

Bình luận:

Bitcoin is trading above $7,400 as of now which is confidence inspiring and definitely a good sign. Its formed higher highs and higher lows and the price action seems to be on the point of a reversal. Currently, Bitcoin is trading in a rising wedge on 1hr and descending wedge on the 4hr yet with very low volume. RSI is at overbought levels on the 1hr chart.

expecting big things on the 5th/6th June

Giao dịch đang hoạt động:

not broken down yet, lets see what happens at the trend lines

staying in the upper gann fan area too, so hard to judge, like a knife edge

Giao dịch đang hoạt động:

Giao dịch đang hoạt động:

RSI showing the price will come down again to test lows

Giao dịch đang hoạt động:

Bình luận:

broke out of the triangle formation, which is a good sign

wanna see a push towards $7k for bulls to be back in control....