BTC/USD Bull wedge
Good day, traders.
It seems to me that soon Bitcoin will stop vomiting in the flat, and we will see the expected impulse upward movement in order to update the maximum, most likely this will happen already in the new, 2020.
The indicators currently do not support the long scenario, but they also do not give signals for shorts, it is more likely to state their neutral attitude to the price movement, which cannot be said about the tick trading volume that occurs with bursts during each volatile movement, which is to say about an open set of positions (accumulation stage).
Bottom line: The wedge is already confirmed, if we take into account the classical analysis of harmonious patterns, 2 touches of the upper and 2 touches of the lower descending lines have already occurred, the asset has decided on a paradigm, and now it remains to wait for the last wave of decline to the green zone, to gain additional liquidity, and you can safely go off to fulfill your goals: 7800 and 9200$.
You can find more on our telegram channel!
It seems to me that soon Bitcoin will stop vomiting in the flat, and we will see the expected impulse upward movement in order to update the maximum, most likely this will happen already in the new, 2020.
The indicators currently do not support the long scenario, but they also do not give signals for shorts, it is more likely to state their neutral attitude to the price movement, which cannot be said about the tick trading volume that occurs with bursts during each volatile movement, which is to say about an open set of positions (accumulation stage).
Bottom line: The wedge is already confirmed, if we take into account the classical analysis of harmonious patterns, 2 touches of the upper and 2 touches of the lower descending lines have already occurred, the asset has decided on a paradigm, and now it remains to wait for the last wave of decline to the green zone, to gain additional liquidity, and you can safely go off to fulfill your goals: 7800 and 9200$.
You can find more on our telegram channel!
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