Good day,
Just a short note to inform you with my view for those who are interested. Bitcoin is in a rising trend forming more ascending wedges. Some small purple drawn wedges and as you can see a big ascending wedge is also playing out. My expectation is that it will come down. So I would take my margin on time here. Nevertheless I drawn some yellow wedges or bearish flags that are part of the forming of this big ascending wedge. What you see are strange patterns. A big rise after a bearish flag or a rise after an ascending wedge. On the 12th of April we had a very sick rise which for me only can be a manipulated pump(and that's bad). I could find any other explanation.
Anyway, current rising wedge NORMALLY has to come down. The other reason I think course will fall is the high Stoch-RSI on the daily. See second graph.
Save trades! (this is not an investment advise, nor a sell or buy advise. Make you're own wise decisions)
Just a short note to inform you with my view for those who are interested. Bitcoin is in a rising trend forming more ascending wedges. Some small purple drawn wedges and as you can see a big ascending wedge is also playing out. My expectation is that it will come down. So I would take my margin on time here. Nevertheless I drawn some yellow wedges or bearish flags that are part of the forming of this big ascending wedge. What you see are strange patterns. A big rise after a bearish flag or a rise after an ascending wedge. On the 12th of April we had a very sick rise which for me only can be a manipulated pump(and that's bad). I could find any other explanation.
Anyway, current rising wedge NORMALLY has to come down. The other reason I think course will fall is the high Stoch-RSI on the daily. See second graph.
Save trades! (this is not an investment advise, nor a sell or buy advise. Make you're own wise decisions)