The Pattern Bible : 3. The wedges

julebut (33)in #bitcoin • 7 years ago

Hi everyone,

Today I will show you a new pattern in charts : the wedges. There is 2 differents wedges : rising and falling ones.

I. Rising wedges :

It is a bearish pattern, if the price is consolidating high and break the below trendline, the price will drop.
Just look at the chart picture to understand it.

II. Falling wedges :

It is the opposite, so it is a bullish pattern.

Now you can trade with the falling and rising wedges!
I hope it helped you, if you have questions or things you haven't understood, don't hesitate to ask me !

Thanks for reading.

#trading #blockchain #cryptocurrency #chart

7 years ago in #bitcoin by julebut (33)

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minnowsupport (70) 7 years ago

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