Rising Wedge on the 4Hour
Just broken out of the rising wedge, could see a bearish playout from this. Looking at a potential 22% correction ($30'000 price target). Which comes from the measured move and the macro trend line upwards. Also near a fib retracement level of $28'000 so when we are near to hitting the target there could be some huge buying pressure.
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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.