The appearance of a 'rising wedge' on technical charts often has traders preparing for a fresh price drop. But sometimes these patterns can become a self-fulfilling prophecy. Chart of the Day explains, presented by cryptocom:
Bitcoin has gained 36% in two months, offering relief to the battered bulls.
However, according to Crypto Twitter, the recovery has suddenly drawn the shape of a “rising wedge,” or a bearish pattern, on price charts and could be short-lived. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
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