Breaking Down Possibility is Increasing on Bitcoin Price Chart
Bitcoin price is in upward wedge pattern for a month. It is still in decision to go up or down. The time is running out and breaking down possibility is increasing day by day. It can be said that It is so possible to see breaking down.
Here you can see daily chart of Bitcoin price. I wrote my thesis about breaking down possibility. It is so possible to see breaking on on this pattern in a few days. After breaking down, we may see huge and fast price moves on Bitcoin price chart.
Here you can see the indicators on daily chart of Bitcoin price. This is why I am waiting for price drop on Bitcoin price chart. There was great resistance on RSI Indicator and Bitcoin price reveresed down from 95K to 87K after touching this resistance. This is why It is hard to see breaking up upward wedge pattern. There was also mini uptrend lines on MACD, Fisher and RSI INdicators. These major indicator broke down mini utprend lines.
So, these indicators entered bearish trend. I am waiting for bearish trend in price chart. Price chart always follows indicators. It is so possible to see price drop on Bitcoin price chart.
Major indicators broke down mini uptrend lines. We are waiting for price chart.
We should be careful. Crypto market may enter mini bearish trend again..
We will see..
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As a student in Ghana still learning TA, posts like this help me see how patterns and indicators align. The wedge you highlighted makes sense — the narrowing range often precedes a volatile move. If a breakdown happens, how would you differentiate between a fakeout and the start of a larger bearish leg?
We are still in bearish trend. We will enter second pattern pn this trend.
Please can we follow each other,I will like learn from you