well, looking at my line, we can see that there's a falling wedge pattern for BTC USD pair;
if we are in its range, worst case if we fall lower would probably in 28K range as it is also the 0.618 fib level from MARCH 2020 low to the BTC high back in NOV 2021.
Let us see where the BTC will act and move in the coming days..
FYI, if it breaks upwards, target would then be the previous high even though it seems to be very unlikely to happen as there are many resistance BTC need to face before claiming new ATH. But, anything can happen..
What I want to see:
A consolidation for couple of days or even weeks in current price range would be very very good rather than just shoot up and come back down again!!
#DYOR
#NFA
if we are in its range, worst case if we fall lower would probably in 28K range as it is also the 0.618 fib level from MARCH 2020 low to the BTC high back in NOV 2021.
Let us see where the BTC will act and move in the coming days..
FYI, if it breaks upwards, target would then be the previous high even though it seems to be very unlikely to happen as there are many resistance BTC need to face before claiming new ATH. But, anything can happen..
What I want to see:
A consolidation for couple of days or even weeks in current price range would be very very good rather than just shoot up and come back down again!!
#DYOR
#NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.