BTC Fall again... Symmetrical Wedge (Downtrend)
A Symmetrical Wedge has fully formed on the current downtrend. This is an indicator of a continuation of the current trend.
MACD - Notice how even though the price is rising, the 3 peaks on the MACD are actually descending.
I have been studying the MACD patterns specific to Bitcoin, and have noticed this trend to be followed by a drop in price.
This could be a short term drop in price, however given that this wedge pattern has formed over a long period makes it seem as though it will be a significant drop.
Stay cautious out there!
MACD - Notice how even though the price is rising, the 3 peaks on the MACD are actually descending.
I have been studying the MACD patterns specific to Bitcoin, and have noticed this trend to be followed by a drop in price.
This could be a short term drop in price, however given that this wedge pattern has formed over a long period makes it seem as though it will be a significant drop.
Stay cautious out there!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.