During this year's BTC rally, wedges has been an excellent indicator for the direction that it will be heading. In all of the wedges I have highlighted, we see BTC running about two-thirds the wedge's length before breaking out. Rising wedge is followed by a bearish breakout, while falling wedge is followed by a bullish breakout.
I expect this pattern to continue with the current rising wedge trend that I have observed. BTC will likely continue trending within this rising wedge until January 2023 to early February, before breaking out towards the downside. Not financial advice. DYOR.
I expect this pattern to continue with the current rising wedge trend that I have observed. BTC will likely continue trending within this rising wedge until January 2023 to early February, before breaking out towards the downside. Not financial advice. DYOR.