Bitcoin Consolidating in Bearish 'Rising Wedge' Pattern

8/17/2022 12:27:00 AM

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, Christine-Lee

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.

Aug 16, 2022

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Bitcoin Consolidating in Bearish ‘Rising Wedge’ Pattern Aug 16, 2022 Bitcoin has gained 36% in two months, offering relief to the battered bulls., the exterior is replete with sleek and sinuous lines that are synonymous with the Grande designs.It is zoned for 254 multifamily units and up to 130,000 square feet of commercial space.for areas served by the Los Angeles Department of Water and Power.

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. The ship embodies the DNA of the Azimut Grande line, with innovative design choices that the shipyard say have ‘never been seen before’. . This location along Race Track Road provides residents with convenient access to some of the city’s major employment centers,” said CBRE’s Cliff Taylor.