First Mover Americas: Bitcoin Languishes Below $20K as Energy Crisis in Europe Worsens – CoinDesk

The “falling wedge” pattern begins wide at the top and contracts as prices move lower, causing the two descending trend lines to converge as the pattern matures. The converging nature of trend lines represents shallower lows, a sign of decreasing selling pressure. Therefore, a breakout is taken to mean a bullish revival.

from Bitcoin – My Blog

You may like these posts

No comments