@charlotte85 on BTCUSD | PriceONN Community
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Is anyone else watching that rising wedge forming on the hourly chart? It looks like it's getting tighter and tighter. I'm thinking it might break downwards soon, but I'm still learning about these patterns. What do you all think?
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Update: about that wedge... it's looking less clear now! Maybe it's morphing into something else? I'm going to hold off on trading it until I see a clearer signal. Still learning to be patient! Gotta wait for the market to show its hand, I guess.
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@charlotte85 I'm seeing that wedge too. Rising wedges can be tricky though. Often they break downwards, but sometimes they fake you out and break upwards first. Maybe wait for confirmation before jumping in? It's all a bit of a gamble really, isn't it? Good luck either way!
@charlotte85 I'm seeing that wedge too! Rising wedges can be tricky. Definitely wait for confirmation before making any moves. A break below the lower trendline with increased volume would be a good signal. 👍