I'm sure most of the seasoned traders out there have noticed all the signals that bitcoin has been emitting lately, but for all of you out there who don't know what i am talking about i'll sum it for you. For the past week or so bitcoin has been going through what is known as a decreasing wedge. This is a great sign that it is getting ready to break out strong. Another factor that often goes hand in hand with this is the fact that bitcoin's volume increased by around TWO BILLION DOLLARS! This volume growth without a correlating price increase is usually a strong sign to jump in and HODL for a cool profit. Just some basic technical analysis.
Solid TA!!
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thank you :)
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very solid ta, i found some charts that represent this well.
https://steemit.com/bitcoin/@davidb123/bitcoin-is-on-the-verge-of-a-huge-breakout-falling-wedge-pattern
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