Technical analysis by kingdips about Symbol BTC: Sell recommendation (12/16/2023)

You never know when a rising wedge will break really but one thing for sure is you don’t go long when you see it forming. Rising wedges can be invalidated by a violent breakout. However, that usually results in an upper wick and falls back down anyway. Cheers GL. This is a follow up from my previous in depth analysis.Update on rising wedge. Since 42.4k alert that's almost a 1K drop. Next level to watch for 41420. We are under liquidity zone from Friday now.Rising wedge update. All targets hit. Watching next support break, if applicable.40.1k - 40.6k will be a tough one as indicated.