If we see a breakout of the falling wedge to the upside which is likely, I would expect that breakout to occur somewhere between 5600-5100. From whatever point we break, we could expect to see an increase of approximately ~1400. I will update as the wedge may change as our second swing low hasn't completely formed just yet. So, for example if we breakout of the falling wedge around ~5250 we could expect to see a run up to ~6600. BTC is sliding down the stairs, sitting on makeshift cardboard sled. Hold on to your a$$.
This is not financial advise it's just an opinion, feel free to share yours
This is not financial advise it's just an opinion, feel free to share yours
Comment:
If the breakout of the falling wedge is valid and not a short squeeze, we should see around ~7250. Let's wait and see if the breakout is validated.