I noticed an interesting thing on the BTC chart. When you see a descending expanding wedge, it's a signal that should be taken seriously. Let me explain what's happening here.

The pattern's structure is quite specific. At the top, we have an upper boundary — a line formed from a series of increasingly lower highs. At the bottom, there's an expanding lower line, where each low is below the previous one, but the distance between the upper and lower boundaries increases each time. This expansion is the key point.

Why is this important? Because an expanding wedge indicates a fading momentum. Do you see how volatility is increasing, and the downtrend is losing strength? This is a sign that the bears are running out of steam. And when the price breaks above the upper line of such a pattern, it often signals a reversal toward an upward movement.

How to trade this? First, don't rush. Wait for a confirmed breakout above the upper boundary — it should be confirmed, not just a touch. Second, watch the volume. If trading volume spikes sharply during the breakout of the descending expanding wedge, it's a strong signal that the move is serious and may continue upward.

As for profit targets — you can aim for the full height of the pattern. Take the distance between the upper and lower lines at the widest point and use that as a reference for your target levels.

In general, a descending expanding wedge is one of those patterns that often work as reversal models. After a prolonged decline, the price can sharply turn upward. Keep this in mind, especially when you see such a setup on weekly or daily charts.