BTC Slides Down the Stairs on a Makeshift Cardboard Sled
Updated
If we see a breakout of the falling wedge to the upside which is likely, I would expect that breakout to occur somewhere between 5600-5100. From whatever point we break, we could expect to see an increase of approximately ~1400. I will update as the wedge may change as our second swing low hasn't completely formed just yet. So, for example if we breakout of the falling wedge around ~5250 we could expect to see a run up to ~6600. BTC is sliding down the stairs, sitting on makeshift cardboard sled. Hold on to your a$$.
This is not financial advise it's just an opinion, feel free to share yours
This is not financial advise it's just an opinion, feel free to share yours
Note
If the breakout of the falling wedge is valid and not a short squeeze, we should see around ~7250. Let's wait and see if the breakout is validated.
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.