Rising wedge on BTC, current ascent, even if supported by all good news is not sustainable ling term.
The wedge could be sharper, depending on where the bottom line starts. I start mine after a solid move, and I do not include that move.
The wedge could be sharper, depending on where the bottom line starts. I start mine after a solid move, and I do not include that move.
Note
If the wedge will break I expect the price to move in the orange boxes on the chart, marked by the 0.382 and 0.618 Fib levels.Note
Target reached, wedge broke.Note
After a small bounce, we are going for the second target. I believe we will touch 7100-7200, 0.618 fib.
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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.