What Happens to Price Action After Rising Wedge Bitcoin Setup?
Rising Wedge BTCUSD Pattern
The ascending triangle cryptocurrency chart pattern in btcusd trading is formed in a upward bitcoin trend and it shows that the upward direction of the market is going to continue - the ascending triangle is a continuation bitcoin pattern.
Ascending Triangle cryptocurrency pattern highlights that there is a resistance area that the buyers(bulls) keep pushing each time moving the resistance area higher, & once it breaks-out bitcoin price will continue to move in an upwards trend.
An upside penetration of the upper ascending bitcoin pattern line is a technical buy cryptocurrency signal for a market breaking out from an ascending triangle bitcoin chart pattern.
Crypto Price Breakout after Ascending Triangle Pattern
The cryptocurrency market formed an ascending triangle cryptocurrency chart pattern during its upwards bitcoin trend which led to upside continuation just as is shown on the cryptocurrency example illustration above.
The buy cryptocurrency signal is when bitcoin price breaks out above the upper ascending triangle pattern line and the btcusd market continues moving up-wards - upwards cryptocurrency market trend continuation.
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