WHAT TO DO WITH SHORT TERM POSITION ON BTC🤔
Just sold most part of my short term position on BTC💰
On 1-hour timeframe we can now observe rising wedge🤷
KEY TAKEAWAYS
🔸The rising wedge is a technical chart pattern used to identify possible trend reversals.
🔸The pattern appears as an upward-sloping price chart featuring two converging trendlines.
🔸It is usually accompanied by decreasing trading volume.
🔸Wedges can either form in the rising or falling direction.
🔸A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
