BTC ready for correction.

in #btc2 years ago

We see prolonging creation of Bearish signal according to technical analyses.
The figure is known as "Rising Wedge"

The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.

To fully complete this image, we see that volume is getting lower. With accompanying Rising Wedge it is a bearish signal. Only new buyers can help us.