After spotting a potential Head & Shoulders on the Bitcoin chart last week, Graeme’s fears have been relieved, as the pattern seems to be invalidated after some sideways movement following the right shoulder.
This forced Graeme to look harder and scan the chart for new patterns developing, which didn’t take long. Just a little zoomed out, and a Falling Wedge seems to have formed, which as many traders and analysts will know is a bullish sign.
This confirms the macro bullish trend, but also gives us reason to be positive in the short-term as well.
In this week’s Market Analysis, you’ll not only see Graeme highlight the invalidated Head and Shoulders and then identify the Falling Wedge, but also see his response to missing out on a trade! Yes, we caught him in a pretty bad mood not long after we recorded Market Analysis where he had just missed out on a nice entry level on a “long” trade on Bitcoin.
We also have a surprise visit from one of SA Crypto’s most ardent traders Cornel Groenewald who was visiting from Iraq!
This week’s episode is proudly sponsored by BYBIT, where traders don’t get liquidated by random wicks. With high liquidity and great support, check them out on THIS LINK HERE.
HERE IS THIS WEEK’S ANALYSIS IN VIDEO:
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You can also find the AUDIO on our Podcast page using one of the below links to your favourite platform:
SPOTIFY (James’ personal favourite, even with an iPhone!)
ANCHOR (The host service)
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