Please give me a like and follow for updates, if you appreciate my idea.
Let me know if you think we'll eventually see the same volume in March as we did in Feb. and why.
I think if we see another 5 red days, we can break to downside, though there are some other great (bullish) ideas on here pointing out strong bullish patterns.
*This is for info purposes only, not financial advice.
Let me know if you think we'll eventually see the same volume in March as we did in Feb. and why.
I think if we see another 5 red days, we can break to downside, though there are some other great (bullish) ideas on here pointing out strong bullish patterns.
*This is for info purposes only, not financial advice.
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moMENTUM HAS picked up a bit but volume is still sinking.
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We're out of the wedge on the 1hr, but this is a big wedge which probably requires more confirmation. i believe a bounce or double bounce will be best confirmation for the BIG run. See BTC's double bounce - last bounce was yesterday, before take-off.
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2h candle closed above descending trendline on 2h chart. I would either sell here or see if I want to buy now or after a confirmation bounce - or two.
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Safest might be to wait for a daily candle to close above the descending trendline on the daily chart (above), since the wedge spans more than 2 weeks. It's just hard to make these decisions in this mystery market where we don't really know if BTC is still consolidating. Wedges have been hit and miss.
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We had a bounce/confirmation with the 2h candles. Expect at least a few days or weeks of growth, depending on market sentiment. The height of the wedge is about 70% !!!
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