1 min

Falling wedge is forming on Bitcoin

The current situation looks like the descending triangle which was formed at the $45500 and was broken down.

Hello, everyone!

Many traders see the very dangerous situation on the Bitcoin price chart. The current situation looks like the descending triangle which was formed at the $45500 and was broken down. The current lower highs lower lows price action looks very dangerous but it is forming the falling narrowing wedge which in combination with RSI bullish divergence have the high probability to be broken to the upside.

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Hello, Skyrexians! Recently, when the BTC price was below 80k we told you that reversal will come soon and 140k is next, but this correction can lasts longer, than we

Hello, Skyrexians! Today we will talk about the most disappointing meme coin HMSTR and its price action. Listed in 2024 after the listing pump it has been dropping permanently, disappointing

Hello, Skyrexians! We decided to find the crypto assets with the largest potential and the proper Elliott waves structure and found ARB which is still at the bottom but has

Hello, Skyrexians! Recently we have already made analysis on DOTUSDT before the dump, where pointed out that wave 5 to the downside ahead. Asset has finally reached the minimal target

Hello, Skyrexians! We hope you enjoy our yesterday Bitcoin analysis which is now playing out. Daily candle closed great, but this reversal is still unconfirmed. So, we are still in

Hello, Skyrexians! Yesterday morning we did a big warning that altcoins will drop again. We expected the dump on Monday, but it has been started the next hour after our