smuscryp

Falling wedge to a break out of 45k and beyond

Long
smuscryp Updated   
BITSTAMP:BTCUSD   Bitcoin
A slight update to the previous chart. Falling wedge to a break out of 45k and beyond
Fib retracement remains unchanged. the last drop hit the top of the last fib retracement.
If Biden gets the stimulus approved this is why I believe BTC will break out, amongst other
assets.
Comment:
Little update. I moved the breakout line so that it hits the blue line at 41547 for a double top and then break down past 30k to around 22k ish.
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.