This is my vision to the BTCUSD pair for the next few Days.
BTC broke out the upper side of the wedge but soon pulled back under the pressure of the negative divergence and now is heading south to retest the previous bottom trend line, my idea is that whenever there is a false break out on one side of a wedge or a channel, usually we get a real breakout on the other side. so i'm expecting a break out around 7800 making btc heading to the next bottom trend line.
BTC broke out the upper side of the wedge but soon pulled back under the pressure of the negative divergence and now is heading south to retest the previous bottom trend line, my idea is that whenever there is a false break out on one side of a wedge or a channel, usually we get a real breakout on the other side. so i'm expecting a break out around 7800 making btc heading to the next bottom trend line.