BTC: Ascending Wedge

5. Sept. 2021A large ascending wedge has been forming in BTC on the Daily and 4hr charts. Combined with September being an historically weaker month for crypto, over-euphoric sentiment in the broader market and this market in need of a healthy pullback, I am of the view that we should see a September correction before re-testing an ATH in Q4 2021. Furthermore, many of the altcoins have gone parabolic, which may indicate that a broader correction is imminent.

7. Sept. 2021

Trade geschlossen: Ziel wurde erreicht