Hi all. I published after analyzed on bitcoin recently. Bitcoin is on the rising wedge pattern. It be inevitable to drop as it is natural at the rising wedge pattern. So, The question is afterward how deep it would be. On the other hand, Based on the Eliot wave Principle, The correction Flat now on can be ended in Running flat or Irregular flat as marked on the chart. The common denominator I see on either flat is that 9069USD is hard target to be reached. It's little chance to go down to 8800 or further. If bitcoin drop and has bounced off after being supported on two horizontal blacked lines, I see it a sort of sign that bitcoin had finished off its battery to go up to higher after a quick break.
Let's see how it unfolded
thanks
Comment:
As long as a line goes on AC is not parallel to BD, Rising Wedge pattern can be considered in process.
Comment:
Short-term correction is in process
