Pretty much a follow up from the short time framed analysis I posted yesterday.
BTCUSD is showing a rising wedge on the higher time frames and thus we should expect to see a bearish reversal. We can always see price to start hugging the bottom trend line.
Expect similar patterns on other major cryptocurrency pairs as BTC holds a whopping ~40% of the market cap and thus all other coins follow in its direction.
BTCUSD is showing a rising wedge on the higher time frames and thus we should expect to see a bearish reversal. We can always see price to start hugging the bottom trend line.
Expect similar patterns on other major cryptocurrency pairs as BTC holds a whopping ~40% of the market cap and thus all other coins follow in its direction.