BitcoinUpdated The last stand! Up or down, you decide
Hi all, simple chart, simple explanation.
We are in a rising wedge.
Daily closes must stay above around 66.2k for bullish continuation (2 days at least) AFTER a retest of 65.3k.
Otherwise if this fails with daily closes below 66.2k after the retest of 65.3k.
I see a falling wedge in the making, highlighted key areas I think there will be retracements.
Ultimate bearish target completion = 52.6k give or take $500. From my calculations.
This is NOT financial advice, DYOR.
My thoughts....
The Whale whisperer
We are in a rising wedge.
Daily closes must stay above around 66.2k for bullish continuation (2 days at least) AFTER a retest of 65.3k.
Otherwise if this fails with daily closes below 66.2k after the retest of 65.3k.
I see a falling wedge in the making, highlighted key areas I think there will be retracements.
Ultimate bearish target completion = 52.6k give or take $500. From my calculations.
This is NOT financial advice, DYOR.
My thoughts....
The Whale whisperer
Note
Hi all, ran through some numbers again. I will be increasing the buy area from 52.5k to 54.5K, give or take $500. I believe there will be massive support in this area, and huge rally to re-test 70k, worrying about 2k difference is immaterial when the upside is potentially huge.
Not financial advice, DYOR.
My thoughts....
The Whale whisperer
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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.