BTC has 2 patterns on the daily that could play out. Most people are calling a descending triangle with a horizontal support. This pattern is a bearish pattern that would normally break down.
If we follow what has happened in the previous internal ABC patterns of the WXYXZ pattern the C wave has been .618/.786 of the A wave
this would put our current C wave ending in the region of 5720 to 5243 making the pattern a falling wedge which is bullish. There will be alot of price action when it hits the 5800-5750 area but I think/hope it does drop through to confirm the bullish pattern.
TRADE SAFE ALWAYS USE A STOP LOSS and if this call comes off like my xrp call well then we should be heading to 20k next week LOL :) happy trading.
If we follow what has happened in the previous internal ABC patterns of the WXYXZ pattern the C wave has been .618/.786 of the A wave
this would put our current C wave ending in the region of 5720 to 5243 making the pattern a falling wedge which is bullish. There will be alot of price action when it hits the 5800-5750 area but I think/hope it does drop through to confirm the bullish pattern.
TRADE SAFE ALWAYS USE A STOP LOSS and if this call comes off like my xrp call well then we should be heading to 20k next week LOL :) happy trading.