AshMac2001

Ascending Wedge - 30M -

Kort
BITMEX:XBTUSD.P   Bitcoin
It's another battle between bulls and bears. Each high is higher than previous and each low is successively higher as well. The difference being, the angle of ascent is steeper on the rising bottoms line. The steeper of the two trendlines in both the rising and falling wedge patterns will generally not hold because it becomes harder for bulls to sustain that acceleration in price. Though the highs are successively higher, their angle of ascent is less steep which implies bulls are not able to push prices high enough to maintain a complete rising trend channel. That is bearish.
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