kingpannu

Story of Falling wedge and bear flag (2018 vs today)

Corto
kingpannu Actualizado   
COINBASE:BTCUSD   Bitcoin
Don't worry
This is from 2018. There was a similar situation as today. There was a bear flag formed along with the falling wedge. The catch was the falling volume. Eventually there was a bull trap to the upside and eventually lead to price crash of bitcoin from 11k to 6k. MACD was also at similar levels as of today.

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This is 2021. See the volume as well
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This also 2021
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This is the falling wedge of today. Look at the volume. It is falling. Look at the MACD. This looks more like a trap. I would be extremely cautious here. Red flags everywhere.

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