Last time I gave you the insane signal when Bitcoin price was $25k. Now I am waiting the inverse formation for the insane long signal which can be flashed next 2-3 weeks.
Let’s take a look at the 1D BTCUSDT chart of the WhiteBit exchange. Insane short was at the $25k. Which pattern have been formed there? Rising wedge. Of course the wedges are TA trash – it is just the terminal diagonal triangle, which is valid only in conjunction with the bearish divergence with any oscillator (RSI, MACD).
Now we have the potential inverse situation. Falling wedge or the terminal diagonal triangle in conjunction with the bullish divergence will kill this bearish trend. Last several days we can see the long wicks on the candles to the downside – it is the first bullish sign, bulls became stronger. Let’s wait a little bit more.
Best regards, Ivan
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