NFA.
Short term rising wedge inside a longer-term rising wedge. A break down from the shorter-term wedge would likely simultaneously be a break down of the longer-term wedge.
MACD looks as if it is about to have a bearish crossover from an extreme high.
Short term bearish divergence for the short term wedge, and longer term bearish divergence for the longer term wedge.
RSI broke down through the 70 a few days ago. Otherwise looks okay.
Price target in the green box.
It's possible a break down from the short term wedge does not break down through the longer term wedge. In this case, it would make sense to break down from the longer term wedge in late December or early January. If you were around in December 2017 you likely know this looks and feels (market sentiment, greed) very similar.
Alternatively, BTC could continue breaking up through bearish wedges like it did a few days ago. I wouldn't put my money on it though.
Thoughts?
Short term rising wedge inside a longer-term rising wedge. A break down from the shorter-term wedge would likely simultaneously be a break down of the longer-term wedge.
MACD looks as if it is about to have a bearish crossover from an extreme high.
Short term bearish divergence for the short term wedge, and longer term bearish divergence for the longer term wedge.
RSI broke down through the 70 a few days ago. Otherwise looks okay.
Price target in the green box.
It's possible a break down from the short term wedge does not break down through the longer term wedge. In this case, it would make sense to break down from the longer term wedge in late December or early January. If you were around in December 2017 you likely know this looks and feels (market sentiment, greed) very similar.
Alternatively, BTC could continue breaking up through bearish wedges like it did a few days ago. I wouldn't put my money on it though.
Thoughts?