abroeky
Short

BTC Fall again... Symmetrical Wedge (Downtrend)

BITTREX:BTCUSDT   Bitcoin / Tether
A Symmetrical Wedge has fully formed on the current downtrend. This is an indicator of a continuation of the current trend.

MACD - Notice how even though the price is rising, the 3 peaks on the MACD are actually descending.
I have been studying the MACD patterns specific to Bitcoin             , and have noticed this trend to be followed by a drop in price.

This could be a short term drop in price, however given that this wedge pattern has formed over a long period makes it seem as though it will be a significant drop.

Stay cautious out there!
Up up and away!
Antworten
I see the same, also LOW volume : https://www.coinigy.com/s/i/5a82f01489d61/
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