BTC Rising Wedge? Short

25 พ.ย. 2023

I am new to TA and I see a rising wedge on BTC. Maybe something I'm not seeing to invalidate this idea. I would love experienced traders thoughts on this. Also volume appears to be dropping. Thanks

29 พ.ย. 2023

การซื้อขายยังคงดำเนินอยู่

The Ichimoku is still showing bullish on higher and lower time frames for most part. Weekly and Daily, but, the crossover on the daily is close. Still appears to be in a rising wedge so that would explain the uptrend higher highs and higher lows. The daily LuxAlgo RSI is starting to potentially turn bearish and is above 80 but dropping. If we were full-blown bull market, I would say it might be good, but not sure we are yet. The next couple of days will really give some more information. I'm not entering in any long trades right now, although the overall trend is up. It looks like we may go down or sideways, but anything can happen here of course.