What is the difference between a descending triangle and a falling wedge in the context of cryptocurrency trading?

1 answers

• Dec 28, 2021 · 3 years ago
  At BYDFi, we also pay close attention to these patterns in our cryptocurrency trading strategies. When we spot a descending triangle, we may adjust our trading positions to take advantage of the potential downward movement. Similarly, when we identify a falling wedge, we may adjust our positions to capitalize on the potential bullish reversal. However, it's important to remember that patterns alone are not enough to guarantee successful trades. We also consider other factors such as market sentiment, volume, and fundamental analysis to make well-informed trading decisions.
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