There are many way you can look at this chart, however two ideas that I see getting thrown around a lot are the rising wedge or a channel. You can make an argument for either one.
Regardless, BTC is consolidating under $50,000 and it is much safer to be long than short.
Be sensible and don't overleverage in case there is a move to the short side.
Happy trading.
Regardless, BTC is consolidating under $50,000 and it is much safer to be long than short.
Be sensible and don't overleverage in case there is a move to the short side.
Happy trading.
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Join my Discord - see www.ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
www.ftx.com/
partner.bybit.com/b/Forge
www.binance.com/en/register?ref=13128793