Bitcoin is forming a rising wedge, which is a bearish pattern.
Usually a breakout occurs around 75%-80% of pattern completion, which would be middle of June. Till that time we might see a shaky and scared market where altcoins are generally not doing much even when Bitcoin is ranging.

Not financial advice.

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9 replies
  1. Oliver Badura
    Oliver Badura says:

    im not a trader, just a hodler, but i find it so interesting how the different forms behave, like u said about the rising wedge..that this is a barish pattern with more chance to go down than up, it would be cool if u make a video about different forms like aesending triangle and decending trianle and all the stuff, thanks for sharing this content 🙂 specially for beginners good to learn something here

    Reply

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