Bitcoin Ascending wedge to have a decisive moment on Sept 27

2021年8月20日

Bitcoin weekly chart shows signs of bullish trend for the remainder of Aug and September, showing the end of the ascending wedge to be decided on Sept 27.

Exponential Moving Averages
Blue and red triangles are a combination of moving averages with RSI. It proved to be a great indicator in the past buy/sell trigger for Bitcoin. There is no momentum for Bear, also demonstrated in the volume chart bellow, where a potential squeeze may happen next week ,shifting the volume histogram chart from red to green.

While bitcoin may continue its uptrend momentarily, it is important to remember that Federal Reserves decisions, stock market price and Dollar indexes must be watched closely for these coming weeks . They will surely play an important role on the direction of trend for Crypto market.

September for Crypto:

Cardano Launches Smart Contract

Ripple Launches Smart Contract on Flare Network

Ethereum 2.0 and more roll-outs of the Optimistic layer 2 solution

Could these news FINALLY drive cryptomarket without the influence of the Share Markets? Could money from Share market finally flow to Crypto? We will see.