Bullish sign for Bitcoin
This is pure co-incidence.
Yesterday I was drawing some lines on Bitcoin's daily frame. I noticed Bitcoin's price forming a falling wedge pattern.
Today when I zoomed out to a monthly time frame, the same lines hinted at a falling wedge on the monthly time frame too.
This suggests that Bitcoin's price should be seeing some bullish momentum soon.
But since the falling wedge has appeared on the monthly time frame, we shouldn't be expecting a bullish momentum very soon.
As the case is with all falling wedges, we may see price drop down before it shoots up to signal bullishness.
Yesterday I was drawing some lines on Bitcoin's daily frame. I noticed Bitcoin's price forming a falling wedge pattern.
Today when I zoomed out to a monthly time frame, the same lines hinted at a falling wedge on the monthly time frame too.
This suggests that Bitcoin's price should be seeing some bullish momentum soon.
But since the falling wedge has appeared on the monthly time frame, we shouldn't be expecting a bullish momentum very soon.
As the case is with all falling wedges, we may see price drop down before it shoots up to signal bullishness.
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