Good day fellow traders,
Alright, updating long term analysis on BTCUSD.
We have one big pattern emerging. A broadening wedge. Within this pattern we can see the most recent pattern emerging. A falling wedge. I reckon we may confirm that price has found support for now.
My best guess is that price going to retest the closest resistance. Approx. 26k region(purple line). We'll see if the bulls get rejected or if they will persevere.
See chart for possible trend trajectories(dotted lines).
Alright, updating long term analysis on BTCUSD.
We have one big pattern emerging. A broadening wedge. Within this pattern we can see the most recent pattern emerging. A falling wedge. I reckon we may confirm that price has found support for now.
My best guess is that price going to retest the closest resistance. Approx. 26k region(purple line). We'll see if the bulls get rejected or if they will persevere.
See chart for possible trend trajectories(dotted lines).
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