$BTC $BTCUSD Rising wedge since 2012.. BD 8/2018 - RT 6/2019
I was cycling through old chart layouts and came across this one from ~2017. It seems that the rising wedge has broken to the downside and we are in the process of re-testing support turned resistance. Three possible scenarios come to mind here:
1. Break back up into the wedge. In this case, I would expect a re-test of ATH's fall/winter 2019.
2. Break down from re-test and perform subsequent re-test of ~$6k/$7k range.
3. Break down from re-test, break $6k support, and visit the $2k range (least likely imo).
Leave your thoughts below!
1. Break back up into the wedge. In this case, I would expect a re-test of ATH's fall/winter 2019.
2. Break down from re-test and perform subsequent re-test of ~$6k/$7k range.
3. Break down from re-test, break $6k support, and visit the $2k range (least likely imo).
Leave your thoughts below!