Bitcoin Big Decision Time - Rising Wedge and Bearish Divergence
As you can see Bitcoin is forming another rising wedge pattern. Two fractals show the two paths that I believe are possible. RSI has the same bearish divergence as the last breakdown of the rising wedge.
I believe there will be on more pump to the top fractal possibly achieving and $80k bitcoin then a large pullback.
Overall the volume looks weak and the RSI divergence is a signal that another crash is coming.
What are you thoughts?
I believe there will be on more pump to the top fractal possibly achieving and $80k bitcoin then a large pullback.
Overall the volume looks weak and the RSI divergence is a signal that another crash is coming.
What are you thoughts?